Common use of BASE COMPENSATION AND TARGET BONUS Clause in Contracts

BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Four Hundred Thousand Dollars ($400,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least seventy-five percent (75%) of Base Compensation beginning with the 2005 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “Annual Target Bonus.”)

BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Four Three Hundred Fifty Thousand Dollars ($400,000350,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least seventy-five fifty percent (7550%) of Base Compensation beginning with the 2005 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Annual Target Bonus.”)") Payment of a bonus for fiscal year 2003 shall be in the sole discretion of the Company.

BASE COMPENSATION AND TARGET BONUS. During the term of his her employment under this Agreement, the Company agrees to pay the Employee as compensation for his her services a base salary at an annual rate of Four Three Hundred Seventy-Five Thousand Dollars ($400,000375,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his her employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least seventy-five fifty percent (7550%) of Base Compensation beginning with the 2005 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Annual Target Bonus.”)") For fiscal year 2003, a bonus of Fifty Thousand Dollars ($50,000) shall be payable as soon as practicable after November 1, 2003 but not later than December 31, 2003.

BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Four Three Hundred Fifty Thousand Dollars ($400,000350,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s 's standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Base Compensation.”") In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s 's annual bonus plan with a target bonus percentage of at least seventy-five fifty percent (7550%) of Base Compensation beginning with the 2005 fiscal year and for each subsequent fiscal yearCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “"Annual Target Bonus.”")