Document ID: 16057

Text:
(i)Base Salary. During the Employment Period, Executive shall receive an annual base salary in an amount equal to three hundred twenty five thousand dollars ( $325,000 ), less all applicable withholdings, which shall be paid in accordance with the customary payroll practices of the Company and prorated for partial calendar years of employment (as in effect from time to time, the Annual Base Salary). The Annual Base Salary shall be subject to annual review by the Board, in its sole discretion, for possible increase and any such increased Annual Base Salary documented in the form of a resolution adopted by the Board or an amendment to this Agreement shall constitute Annual Base Salary for purposes of this Agreement.

Named Entities:
30
33
Salary

Tokenized Text:
(
i
)
Base
Salary
.
During
the
Employment
Period
,
Executive
shall
receive
an
annual
base
salary
in
an
amount
equal
to
three
hundred
twenty
five
thousand
dollars
(
$
325
,
000
)
,
less
all
applicable
withholdings
,
which
shall
be
paid
in
accordance
with
the
customary
payroll
practices
of
the
Company
and
prorated
for
partial
calendar
years
of
employment
(
as
in
effect
from
time
to
time
,
the
Annual
Base
Salary
)
.
The
Annual
Base
Salary
shall
be
subject
to
annual
review
by
the
Board
,
in
its
sole
discretion
,
for
possible
increase
and
any
such
increased
Annual
Base
Salary
documented
in
the
form
of
a
resolution
adopted
by
the
Board
or
an
amendment
to
this
Agreement
shall
constitute
Annual
Base
Salary
for
purposes
of
this
Agreement
.