Document ID: 11004

Text:
| 3. | Compensation. ---|---|--- (a) Base Salary. Company shall pay Executive a base salary (the Base Salary) at the annual rate of Three Hundred Forty-Five Thousand Dollars ( $345,000 ) . The Base Salary shall be payable in substantially equal periodic installments in accordance with Companys payroll practices as in effect from time to time. Company shall deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Board or an appropriate committee thereof shall, on an annual basis, review the Base Salary, which may be adjusted upward (but not downward) at Companys discretion.

Named Entities:
46
49
Salary

Tokenized Text:
|
3
.
|
Compensation
.
-
-
-
|
-
-
-
|
-
-
-
(
a
)
Base
Salary
.
Company
shall
pay
Executive
a
base
salary
(
the
Base
Salary
)
at
the
annual
rate
of
Three
Hundred
Forty-Five
Thousand
Dollars
(
$
345
,
000
)
.
The
Base
Salary
shall
be
payable
in
substantially
equal
periodic
installments
in
accordance
with
Companys
payroll
practices
as
in
effect
from
time
to
time
.
Company
shall
deduct
from
each
such
installment
all
amounts
required
to
be
deducted
or
withheld
under
applicable
law
or
under
any
employee
benefit
plan
in
which
Executive
participates
.
The
Board
or
an
appropriate
committee
thereof
shall
,
on
an
annual
basis
,
review
the
Base
Salary
,
which
may
be
adjusted
upward
(
but
not
downward
)
at
Companys
discretion
.