Document ID: 2000002

Text:
Base Compensation. During the Term, Executives annual salary (the Base Compensation) shall be (i) no less than the annualized equivalent of $350,000 , (ii) subject to all appropriate federal and state withholding taxes and (iii) payable at the same times and under the same conditions as salaries are paid to the Companys other employees in accordance with the normal payroll practices of the Company. The Base Compensation shall be reviewed and may be increased from time to time following the Effective Date by the Board (or any applicable committee thereof) in its sole discretion applied consistent with this Section 3(a). The Base Compensation shall at all times during the Term be, and remain, more than the compensation of Executives subordinates at such times. If the Base Compensation is adjusted after the Effective Date, the Base Compensation defined above shall also be adjusted for all purposes of this Agreement.

Named Entities:
27
30
Salary

Tokenized Text:
Base
Compensation
.
During
the
Term
,
Executives
annual
salary
(
the
Base
Compensation
)
shall
be
(
i
)
no
less
than
the
annualized
equivalent
of
$
350
,
000
,
(
ii
)
subject
to
all
appropriate
federal
and
state
withholding
taxes
and
(
iii
)
payable
at
the
same
times
and
under
the
same
conditions
as
salaries
are
paid
to
the
Companys
other
employees
in
accordance
with
the
normal
payroll
practices
of
the
Company
.
The
Base
Compensation
shall
be
reviewed
and
may
be
increased
from
time
to
time
following
the
Effective
Date
by
the
Board
(
or
any
applicable
committee
thereof
)
in
its
sole
discretion
applied
consistent
with
this
Section
3
(
a
)
.
The
Base
Compensation
shall
at
all
times
during
the
Term
be
,
and
remain
,
more
than
the
compensation
of
Executives
subordinates
at
such
times
.
If
the
Base
Compensation
is
adjusted
after
the
Effective
Date
,
the
Base
Compensation
defined
above
shall
also
be
adjusted
for
all
purposes
of
this
Agreement
.