Common use of Additional Salary Clause in Contracts

Additional Salary. In addition to the Base Salary, the Company shall pay the Executive an additional salary during the first year of the Term of fifty thousand dollars ($50,000.00) (the "Additional Salary") payable in one lump sum payment on the first anniversary of the date of this Agreement, provided the Executive is employed by the Company on such first anniversary.

Additional Salary. In addition to the Base Salary, the Company shall pay the Executive an additional salary during the first year of the Term of two hundred fifty thousand dollars ($50,000.00) (the "Additional Salary"250,000.00) payable in one lump sum payment sixty-two thousand five hundred dollars ($62,500.00) on the first anniversary each of the date of that this AgreementAgreement is signed by the Executive and April 1, July 1 and October 3, 2005, provided the Executive is employed by the Company on such first anniversaryrespective dates.