Document ID: 12232

Text:
(a) Base Salary. The Company or its Hong Kong-based subsidiary, as applicable, will pay Executive an annual base salary (Base Salary) of Three Hundred and Twenty Thousand Dollars ( US$320,000 ), payable in substantially equal monthly or more frequent installments in accordance with the Companys or the Hong Kong-based subsidiarys, as applicable, normal and customary payroll practices. The Board or the Compensation Committee of the Board (the Committee) may review and further adjust Executives Base Salary from time to time in its sole and absolute discretion, provided that, prior to the first anniversary of the Effective Date, the Company may not decrease Executives Base Salary below the amount set forth in this section. Any such increased Base Salary shall be and become the Base Salary for purposes of this Agreement.

Named Entities:
36
40
Salary

Tokenized Text:
(
a
)
Base
Salary
.
The
Company
or
its
Hong
Kong-based
subsidiary
,
as
applicable
,
will
pay
Executive
an
annual
base
salary
(
Base
Salary
)
of
Three
Hundred
and
Twenty
Thousand
Dollars
(
US
$
320
,
000
)
,
payable
in
substantially
equal
monthly
or
more
frequent
installments
in
accordance
with
the
Companys
or
the
Hong
Kong-based
subsidiarys
,
as
applicable
,
normal
and
customary
payroll
practices
.
The
Board
or
the
Compensation
Committee
of
the
Board
(
the
Committee
)
may
review
and
further
adjust
Executives
Base
Salary
from
time
to
time
in
its
sole
and
absolute
discretion
,
provided
that
,
prior
to
the
first
anniversary
of
the
Effective
Date
,
the
Company
may
not
decrease
Executives
Base
Salary
below
the
amount
set
forth
in
this
section
.
Any
such
increased
Base
Salary
shall
be
and
become
the
Base
Salary
for
purposes
of
this
Agreement
.