Document ID: 11634

Text:
1.4 Base Salary. The Company shall pay the Executive a base salary (the Base Salary) at the annual rate of $130,000 (U.S.), payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal and local payroll tax withholding and any other withholdings required by law. The Executives Base Salary may be increased by the Board or any party delegated by the Board. Once increased, such increased amount shall constitute the Executives Base Salary. The Company shall grant the Executive 500,000 options to purchase common stock of the Company at the closing stock price on the date prior to the date hereof. Executive shall also receive from the Company a $20,000 signing bonus in the form of two equal payments of $10,000 . The payments shall be due as follows: $10,000 upon signing this Agreement and $10,000 two weeks from the date of this Agreement respectively.

Named Entities:
25
28
Salary
123
125
Salary
156
159
Salary
170
173
Salary

Tokenized Text:
1
.
4
Base
Salary
.
The
Company
shall
pay
the
Executive
a
base
salary
(
the
Base
Salary
)
at
the
annual
rate
of
$
130
,
000
(
U
.
S
.
)
,
payable
at
such
times
as
the
Company
customarily
pays
its
other
senior
level
executives
(
but
in
any
event
no
less
often
than
monthly
)
.
The
Base
Salary
shall
be
subject
to
all
state
,
federal
and
local
payroll
tax
withholding
and
any
other
withholdings
required
by
law
.
The
Executives
Base
Salary
may
be
increased
by
the
Board
or
any
party
delegated
by
the
Board
.
Once
increased
,
such
increased
amount
shall
constitute
the
Executives
Base
Salary
.
The
Company
shall
grant
the
Executive
500
,
000
options
to
purchase
common
stock
of
the
Company
at
the
closing
stock
price
on
the
date
prior
to
the
date
hereof
.
Executive
shall
also
receive
from
the
Company
a
$
20
,
000
signing
bonus
in
the
form
of
two
equal
payments
of
$
10
,
000
.
The
payments
shall
be
due
as
follows
:
$
10
,
000
upon
signing
this
Agreement
and
$
10
,
000
two
weeks
from
the
date
of
this
Agreement
respectively
.