Document ID: 15047

Text:
(a)Base Salary. During the Term, the Company shall pay the Executive a base salary at the rate of $600,000 per year (the Base Salary), payable in regular installments in accordance with the Companys customary payroll practices. The Board or the Compensation Committee of the Board (the Committee) shall, no less frequently than annually, review the Executives Base Salary and, in its sole discretion, may increase the Executives Base Salary. Except as otherwise agreed in writing by the Executive, the Base Salary shall not be reduced from the amount previously in effect. Upon any such increase, the increased amount shall thereafter be deemed to be the Base Salary for purposes of this Agreement.

Named Entities:
23
26
Salary

Tokenized Text:
(
a
)
Base
Salary
.
During
the
Term
,
the
Company
shall
pay
the
Executive
a
base
salary
at
the
rate
of
$
600
,
000
per
year
(
the
Base
Salary
)
,
payable
in
regular
installments
in
accordance
with
the
Companys
customary
payroll
practices
.
The
Board
or
the
Compensation
Committee
of
the
Board
(
the
Committee
)
shall
,
no
less
frequently
than
annually
,
review
the
Executives
Base
Salary
and
,
in
its
sole
discretion
,
may
increase
the
Executives
Base
Salary
.
Except
as
otherwise
agreed
in
writing
by
the
Executive
,
the
Base
Salary
shall
not
be
reduced
from
the
amount
previously
in
effect
.
Upon
any
such
increase
,
the
increased
amount
shall
thereafter
be
deemed
to
be
the
Base
Salary
for
purposes
of
this
Agreement
.