Common use of Base Salary Clause in Contracts

Base Salary. Company shall pay Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s annual base salarysalary will be $370,000.00 (the “Base Salary”), which shall be paid ratably by the Company to the Executive each month in accordance with the Company’s payroll practices as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . The Base Salary will shall be reviewed on an annual basis following the 2015 calendar year and may be increased (but not decreased) by the Board, with any such increase until the expiration taking effect as of the Initial Termfirst day of the applicable calendar year.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 275,000.00 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s annual base salary may be increased from time to time by the Compensation Committee, but may not be decreased without the Executive’s written consent. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Subject to periodic review by the Board, the Company shall will pay Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s 400,000 as compensation for his services (such annual base salary, as in effect from time is then effective, to time, is hereinafter be referred to herein as “Base Salary.” It is not expected that Executive’s ”). The Base Salary will increase until be paid periodically in accordance with the expiration of Company’s normal payroll practices and be subject to the Initial Termusual, required withholdings.

Base Salary. The Company shall will pay to the Executive an annual base salary of $323,950 in near equal350,000, periodic installments payable in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly's policies. The Executive’s 's annual base salary, as salary will be reviewed by the Company for possible increase (but not decrease) at least once in effect from time to time, is hereinafter referred to as “Base Salaryeach calendar year through the Term of this Agreement.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company The Executive shall pay Executive receive an annual base salary (“Annual Base Salary”) of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly$300,000. The Executive’s annual base salary, Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . Such Annual Base Salary will increase until shall be payable in monthly or more frequent installments in accordance with the expiration of the Initial TermCompany’s payroll policies.

Base Salary. During the Employment Period, the Company shall pay Executive an annual a base salary at an annualized rate of $323,950 412,000, payable in near equal, periodic installments in accordance with on the Company’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthlydates. The Board shall review Executive’s annual base salary, as in effect salary annually during the Employment Period and may increase (but not decrease) such base salary from time to time, is based on its periodic review of Executive’s performance in accordance with the Company’s regular policies and procedures. The annual base salary payable to Executive from time to time under this Section 4 shall hereinafter be referred to as the “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. The Company shall pay the Executive an annual annualized base salary of $323,950 340,000.00 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an annual base salary The Executive's annualized Base Salary as of the date of this Agreement is $323,950 in near equal298,700.00, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. annually, and any changes thereto (which shall thereafter be deemed the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “'s Base Salary.” It is not expected that Executive’s Base Salary will increase until ) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. Company shall pay Executive an A base annual base salary of $323,950 in near equal331,000, periodic installments payable in accordance with Companythe Employer’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlystandard practice for other senior executives. Executive’s base salary shall be subject to annual base salary, as review by the Board’s Compensation Committee for discretionary periodic increases (but not decreases) in effect from time accordance with the Employer’s compensation policies. References to time, is hereinafter referred to as “Base Salary” in this Agreement shall be to the base salary set forth in this Paragraph 4(a) and shall include any increases to such base salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an A base annual base salary of $323,950 in near equal300,000, periodic installments payable in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlythe Employer's standard practice for other senior executives. Executive’s 's base salary shall be subject to annual base salary, as review by the Board's Compensation Committee for discretionary periodic increases in effect from time accordance with the Employer's compensation policies. References to time, is hereinafter referred to as “"Base Salary" in this Agreement shall be to the base salary set forth in this Paragraph 4.a and shall include any increases to such base salary made hereby.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall will pay Executive an annual base salary (“Base Salary”) of Two Hundred Thousand Dollars ($323,950 200,000), payable in near equal, periodic substantially equal monthly or more frequent installments in accordance with the Company’s normal and customary payroll practices practices. The Board may review and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that further adjust Executive’s Base Salary will increase until from time to time in its sole and absolute discretion, provided that during the expiration Employment Period the Company may not decrease Executive’s Base Salary below the amount set forth in this section. Any such increased Base Salary shall be and become the “Base Salary” for purposes of the Initial Termthis Agreement.

Base Salary. The Company shall pay the Executive an annual a base salary of $323,950 27,083.33 per month ($325,000 annualized), payable in near equal, equal periodic installments in accordance with the Company’s customary payroll practices (the “Base Salary”). The amount of the Base Salary shall be reviewed annually and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect may be increased from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until time in the expiration sole discretion of the Initial TermCompany’s Remuneration Committee and the Board.

Base Salary. During the Employment Term, the Company shall pay Executive an annual a base salary at the annual rate of $323,950 450,000 payable in near equal, periodic regular installments in accordance with the Company’s customary usual payroll practices practices. The Board shall review Executive’s base salary at least once per annum, and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Employment Term, the Company shall pay to the Executive an annual a base salary of not less than $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as 665,000 per annum (the “Base Salary.” It is not expected that ”). The Board shall review Executive’s Base Salary will increase until the expiration annually (after approval of the Initial Termforthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Base Salary. Company The Employer shall pay the Executive an annual rate of base salary of $323,950 EUR 255,825 in near equal, periodic installments in accordance with under the Company’s 's customary payroll practices and applicable wage payment laws, . The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive's base salary at least annually and the Compensation Committee may increase (but no less frequently than monthlynot decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term."

Base Salary. The Company shall pay to the Executive an annual base salary of $323,950 (the “Base Salary”) payable in near equal, periodic substantially equal installments at such intervals as may be determined by the Company in accordance with Company’s customary its ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salarypractices, as in effect established from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . The Base Salary will increase until the expiration shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Initial TermEffective Date is $300,000.48. The Base Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Base Salary. During the Term, the Company shall pay Executive an annual base salary in the amount of $323,950 in near equal1,000,000 (“Base Salary”), periodic installments less applicable payroll taxes and withholdings, payable in accordance with the Company’s customary normal payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Company will review Executive’s annual base salaryBase Salary annually, as and, in effect the sole discretion of the Company, may increase (but may not decrease) such Base Salary from time to time, is hereinafter referred but shall not be obligated to as “Base Salaryeffectuate any increase.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Employment Term, the Company shall pay the Executive an annual rate of base salary of $323,950 400,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices practices. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee and applicable wage payment lawsthe Compensation Committee may, but no less frequently than monthlyshall not be required to, increase (but not decrease) the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an A base annual base salary of $323,950 in near equal250,000, periodic installments payable in accordance with Companythe Employer’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlystandard practice for other comparable executives. Executive’s base salary shall be subject to annual base salary, as review by the Board of Directors of the Employer (the “Board”) for discretionary periodic increases in effect from time accordance with the Employer’s compensation policies. References to time, is hereinafter referred to as “Base Salary” in this Agreement shall be to the base salary set forth in this Paragraph 4.A. and shall include any increases to such base salary made hereby.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company Commencing as of the Effective Date, the Executive shall pay Executive be paid an annual base salary annualized Base Salary of $323,950 in near equal, periodic installments 250,000. Such Base Salary shall be payable at intervals in accordance with Company’s customary the regular payroll practices and of the Company applicable wage payment laws, to senior executives but no less frequently than monthly. Executive’s annual base salary, as in effect from time to The Base Salary shall be reviewed no less frequently than annually during the Term of Employment for increases. The Base Salary shall not be decreased at any time, is hereinafter referred to as “Base Salaryor for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company The Executive shall pay Executive receive an annual base salary (“Annual Base Salary”) of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly$225,000. The Executive’s annual base salary, Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . Such Annual Base Salary will increase until shall be payable in monthly or more frequent installments in accordance with the expiration of the Initial TermCompany’s payroll policies.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 260,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary may be reviewed from time to time by the Company, and the Company may, but no less frequently than monthlyshall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. Company Commencing as of the Effective Date, the Executive shall pay Executive be paid an annual base salary annualized Base Salary of $323,950 in near equal, periodic installments 300,000. Such Base Salary shall be payable at intervals in accordance with Company’s customary the regular payroll practices and of the Company applicable wage payment laws, to senior executives but no less frequently than monthly. Executive’s annual base salary, as in effect from time to The Base Salary shall be reviewed no less frequently than annually during the Term of Employment for increases. The Base Salary shall not be decreased at any time, is hereinafter referred to as “Base Salaryor for any purpose, during the Term of Employment (including, without limitation, for the purpose of determining benefits due under Section 9).” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Term, the Company shall pay Executive a base salary at an annual base salary rate of Three Hundred Fifty Thousand and NO/100 Dollars ($323,950 in near equal350,000.00), periodic installments payable in accordance with the Company’s customary 's normal payroll practices and applicable wage payment laws, but no less frequently than monthlyfor employees as in effect from time to time. Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “the "Base Salary.” It is not expected that Executive’s " The Base Salary will increase until shall be reviewed annually by the expiration Board, and, in the sole discretion of the Initial TermBoard, may be increased (but not decreased) effective as of the date determined by the Board.

Base Salary. Company shall pay Executive an annual base salary The Executive's annualized Base Salary as of the date of this Agreement is $323,950 in near equal424,360.00, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. annually, and any changes thereto (which shall thereafter be deemed the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “'s Base Salary.” It is not expected that Executive’s Base Salary will increase until ) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. Company shall pay During the Term, the Executive will receive an annual base salary of $323,950 400,000. The Board will review the Executive’s base salary annually and, in near equalits discretion, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment lawsmay recommend increases, but no less frequently than monthlynot decreases, to the amount of such base salary based upon procedures of the Employer that determine adjustments for other executives of the Employer. The initial annual base salary, together with any increases, shall be the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as salary (“Base Salary.” It is not expected that Executive’s ”). The Base Salary will increase until be payable in accordance with the expiration of the Initial TermEmployer’s regular payroll payment practices.

Base Salary. Company shall pay Executive an During the Employment Period, the Executive's annual ----------- base salary of will be $323,950 130,000 or such higher rate as the Board may designate from time to time (the "Base Salary"), which will be payable in near equal, periodic regular installments in accordance with the Company’s customary 's general payroll practices and applicable wage payment laws, but no less frequently than monthlywhich will be subject to customary withholding. Each year the Board will review the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s 's Base Salary will increase until the expiration of the Initial Termand, in its sole discretion, determine whether any increases (but not decreases) thereof are appropriate.

Base Salary. During the Term, Company shall will pay Executive an annual a base salary of equal to $323,950 123,000 per annum, payable in near equal, periodic equal bi-weekly or semi-monthly installments in accordance with the Company’s customary 's payroll practices and applicable wage payment lawssystem. The Board will review, but no less frequently than monthly. at least annually, the Executive’s annual base salary's compensation with a view to increasing it if, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration sole judgment of the Initial TermBoard, the performance of the Company, the services of the Executive and compensation paid by other companies engaged in businesses comparable to the business of the Company to executives in comparable positions merit such an increase.

Base Salary. During the Term, the Company shall pay to Executive an annual base annualized salary of $323,950 in near equal600,000 (the “Base Salary”), periodic installments payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s customary standard payroll practices and applicable wage payment lawspractices, but no not less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s The Base Salary will increase until be reviewed annually by the expiration of Board and may be increased (but not decreased without the Initial TermExecutive’s consent) to reflect the Executive’s performance and responsibilities.

Base Salary. Effective with this Agreement and the Executive’s continued employment hereunder, the Company shall pay Executive an annual a base salary at the annualized rate of $323,950 400,000, payable in near equal, periodic regular installments in accordance with the Company’s customary payroll payment practices from time to time. Executive shall be entitled to annual performance and applicable wage payment lawssalary review, but no less frequently than monthlyand any increase in base salary shall be in the sole discretion of the Compensation Committee of the Board. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company Executive shall pay Executive initially be paid an annual base salary of $323,950 in near equalannualized Base Salary, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment lawsof the Company, but no of $325,000. No less frequently than monthly. Executive’s annual base salaryannually, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that the Executive’s Base Salary will increase until shall be reviewed by the expiration of Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that Base Salary shall not be decreased. Any such increased Base Salary shall be the Initial TermExecutive’s “Base Salary” for all purposes under this Agreement.

Base Salary. Company shall pay Executive an annual base salary The Executive's annualized Base Salary as of the date of this Agreement is $323,950 in near equal458,719.77, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. annually, and any changes thereto (which shall thereafter be deemed the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “'s Base Salary.” It is not expected that Executive’s Base Salary will increase until ) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 in near equal, periodic installments in accordance 400,000. Such base salary shall be paid consistently with the Company’s customary payroll practices then current pay practices. The Executive’s base salary shall be reviewed at least annually by the Board and applicable wage payment lawsthe Board may, but no less frequently than monthlyshall not be required to, increase (but not decrease) base salary then in effect during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual base salary of $323,950 750,000 USD in near equal, periodic installments in accordance with the Company’s 's customary payroll practices and applicable wage payment laws. The Executive's base salary can discretionarily be reviewed from time-to-time, and Company may, but no less frequently than monthlyshall not be required to, increase the base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “"Base Salary".” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 400,000 (Four Hundred Thousand Dollars) in near equal, periodic installments in accordance with the Company’s 's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary may not be decreased during the Employment Term other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. During the Term, the Company shall pay the Executive a Base Salary at an annual base salary rate of not less than $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices 1,200,000. The Base Salary shall be subject to review and applicable wage payment lawspossible increase, but no less frequently than monthlynot decrease, by the Human Resources and Compensation Committee of the Board (the “HRCC”) each February, and any increases shall be effective the following April 1. Adjustments to the Base Salary shall be based on the Executive’s annual base salaryperformance and other factors that the HRCC deems appropriate. Following each adjustment, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s the term Base Salary will increase until shall thereafter refer to the expiration of the Initial Termadjusted amount.

Base Salary. During the term of Executive's employment hereunder, the Company shall pay Executive an annual base salary (the "Base Salary") at the initial annual rate of $323,950 225,000, payable in near equal, periodic regular installments in accordance with the Company’s customary payroll 's usual payment practices and applicable wage payment laws, but no less frequently than monthlymonthly during the Employment Term. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s 's Base Salary will shall be reviewed at least annually for increase until in the expiration reasonable discretion of the Initial TermBoard.

Base Salary. The Company shall pay the Executive an annual annualized base salary of $323,950 220,000.00 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual base salary of AUD $323,950 200,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board, and the Compensation Committee of the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 350,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”) and the Compensation Committee may increase the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. Company shall pay Executive an annual During the Term, the Executive’s base salary of $323,950 in near equal, periodic installments (the “Base Salary”) shall be paid in accordance with Companythe Corporation’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is but not expected that less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $320,000. During the term hereof, subject to Section 5, the Corporation will increase until annually (in January of each year commencing in 2016) review and adjust the expiration Executive’s rate of the Initial TermBase Salary.

Base Salary. Company Employer shall pay to Executive an annual annualized base salary of Four Hundred Sixty-Eight Thousand Dollars ($323,950 in near equal468,000) (the "Base Salary"), periodic installments less taxes and applicable withholdings, payable in accordance with Company’s customary payroll practices Employer' s regularly scheduled payroll. Base Salary will be subject to review and applicable wage payment lawsadjustment in accordance with Employer's normal performance review practices, but no less frequently than monthlyannually. Effective as of the date of any change to Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “'s Base Salary.” It is not expected that Executive’s , the Base Salary will increase until as so changed shall be considered the expiration new Base Salary for all purposes of the Initial Termthis Agreement.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 800,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may increase or decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. As of the Effective Date, the Company shall pay Executive an annual base salary rate of Three Hundred Sixty-Five Thousand Dollars ($323,950 in near equal365,000), periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time such amounts to time, is hereinafter referred to as be paid on a bi-weekly basis (“Base Salary.” It is not expected that ”) pursuant to the Company’s standard payroll practices. Executive’s Base Salary will increase until shall be reviewed at least annually for consideration of appropriate merit increases and, once established, the expiration Base Salary shall not decrease during the Term without the consent of the Initial TermExecutive.

Base Salary. Company shall pay Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. During the Term the Executive’s annual base salarysalary shall be Two Hundred Fifty Thousand Dollars ($250,000.00) per year, which shall be payable by the Company to the Executive in installments consistent with the Company’s normal payroll schedule, subject to customary withholding as in effect required by applicable law. This annual base salary shall be reviewed by the Board periodically, and the Board may adjust the Executive’s annual base salary from time to time, is hereinafter referred time as the Board deems to as “Base Salary.” It is not expected that be appropriate subject to Executive’s Base Salary will increase until performance, the expiration of the Initial TermCompany’s financial condition and market conditions.

Base Salary. The Company shall pay Executive an annual rate of base salary of $323,950 275,000 US in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's base salary shall be reviewed at least annually by the by the compensation committee of the Board (the “Compensation Committee”) and the Compensation Committee may, but shall not be required to, increase Executive’s base salary during the Employment Term. Executive’s annual base salary shall be adjusted to $300,000 US on January 1, 2021. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 500,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may increase but not decrease the Executive’s base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 [BASE SALARY] in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 240,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but no less frequently than monthlyshall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. The Company shall pay to Executive an annual base ----------- salary (the "Base Salary") at the rate of $323,950 1,000,000 per annum (or such increased amount as the Board, its sole discretion, from time to time may determine), payable in near equal, approximately equal periodic installments in accordance with Company’s customary payroll practices and applicable wage payment lawspursuant to the general policy of the Company from time to time, but no not less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s 's Base Salary will increase until may not be decreased during the expiration Term of the Initial Termthis Agreement.

Base Salary. Company shall pay Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as salary (“Base Salary.” It is not expected that ”) will continue to be $284,000, less payroll deductions and all required withholdings, payable in accordance with the Company’s normal payroll practices. The Board or a committee of the Board shall review Executive’s Base Salary periodically and any adjustments to Executive’s Base Salary, if any, will increase until be made solely at the expiration discretion of the Initial TermBoard or a committee of the Board.

Base Salary. During the Employment Period, the Company shall pay to Executive an annual a base salary compensation (“Base Salary”) in the amount of Two Hundred Forty Thousand Dollars ($323,950 240,000) per annum, payable in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that . Executive’s Base Salary will increase until the expiration of the Initial Termshall be subject to all applicable withholdings and deductions. Executive’s Base Salary shall be subject to review no less frequently than annually.

Base Salary. Company Commencing as of the Effective Date, the Executive shall pay Executive be paid an annual base salary annualized Base Salary of $323,950 in near equal420,000, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. Executive’s annual base salary, as annually for increase in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration discretion of the Initial TermCEO and, if applicable, the Board.

Base Salary. From and after the Effective Date, the Company shall pay Executive an annual a base salary at the annual rate of $323,950 650,000.00 payable in near equal, periodic regular installments in accordance with the Company’s customary usual payroll practices practices. The Board shall review Executive’s base salary at least once per annum, and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is shall hereinafter be referred to as the “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Beginning on the date hereof, the Company shall pay Executive an annual base salary of $323,950 Executive, in near equal, periodic equal installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual , a base salary, as in effect from time to time, is hereinafter referred to as salary of $412,000 per annum (the “Base Salary.” It is not expected that ”), less all applicable withholdings, during the Term. Executive’s 's Base Salary will increase until shall be reviewed by the expiration People Services (Compensation) Committee of the Initial TermBoard (the “Compensation Committee”) on an annual basis.

Base Salary. Company shall pay Executive an annual base salary The Executive’s annualized Base Salary as of the date of this Agreement is $323,950 in near equal424,360.00, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. Executive’s annual base salaryannually, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that and any changes thereto (which shall thereafter be deemed the Executive’s Base Salary will increase until Salary) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. The Company shall pay the Executive an annual base salary of $323,950 220,000 annually, $150,000 of which will be payable in near equal, periodic installments in accordance with the Company’s customary regular payroll practices practices, and applicable wage payment laws$70,000 of which will be paid in lump sum at the end of the then-current fiscal year, or, in the sole discretion of the Board, prorated over the one year period upon completion of a financing. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but no less frequently than monthlyshall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Term, the Company shall pay Executive an annual base salary of per year in an amount not less than $323,950 in near equal, periodic installments 150,000. Such annual base salary shall be payable in accordance with the Company’s 's customary payroll practices and applicable wage payment lawspay schedule. During the Term, the base salary of Executive shall be reviewed at least annually by the Chief Executive Officer. The Board of Directors, and/or the Compensation Committee, in consultation with the Chief Executive Officer, may, but no less frequently than monthly. Executive’s annual shall not be required to, increase or decrease the base salary, as in effect from time to time, is hereinafter referred to as “Base Salarybut not below the minimum required by this Section.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Term, the Company shall pay the Executive an annual base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as 260,000 (“Base Salary.” It is not expected that ”). The Board shall review the Executive’s Base Salary will each year and shall have the right in its discretion to increase until such Base Salary. With the expiration Executive’s prior consent, the Executive’s Base Salary may be reduced by an amount and for a period mutually agreed between the Executive and the Company so long as such reduction is made in conjunction with similar reductions in base salary for other executives or employees of the Initial TermCompany.

Base Salary. The Company shall pay to the Executive an annual base salary (the “Base Salary”) at the rate of $323,950 200,000, payable in near equal, periodic substantially equal installments at such intervals as may be determined by the Company in accordance with the Company’s customary then current ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect established from time to time. The Base Salary shall be reviewed in good faith by the Compensation Committee of the Company’s Board of Directors (the “Board”), is hereinafter referred to as “Base Salary.” It is not expected that based upon the Executive’s Base Salary will increase until the expiration of the Initial Termperformance, not less often than annually.

Base Salary. The Company shall pay the Executive an annual annualized base salary of $323,950 204,000.00 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than semi-monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay the Executive an annual annualized base salary (“Annual Base Salary”) at a rate of $323,950 in near equalUS$400,000, periodic installments in accordance with payable pursuant to the Company’s customary regular payroll practices and applicable wage payment lawsfor its executives in effect at the time. For fiscal year 2011, but no less frequently than monthly. the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Annual Base Salary will be prorated from the Effective Date. The Annual Base Salary shall be reviewed by the Chief Executive Officer, for increase until only, at such time as the expiration salaries of the Initial Termother senior executives of Patheon are reviewed generally.

Base Salary. The Company shall pay to the Executive an annual base salary of $323,950 (the “Base Salary”) payable in near equal, periodic substantially equal installments at such intervals as may be determined by the Company in accordance with Company’s customary its ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salarypractices, as in effect established from time to time. The Base Salary shall be reviewed by the Board of Directors annually, is hereinafter referred to and increased as “Base Salary.” It is not expected that appropriate, for market changes. Commencing effective as of the Effective Date, Executive’s annualized Base Salary will increase until is $350,000. The Base Salary shall not be decreased by the expiration Company except with the prior written consent of the Initial TermExecutive.

Base Salary. During the Employment Term, the Company shall pay Executive an annual base salary of One Hundred Seventy Five Thousand Dollars ($323,950 175,000) (“Base Salary”), payable in near equal, periodic regular installments in accordance with the Company’s customary then current payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. At least annually the Board shall review Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “performance and compensation and may increase the Base Salary, in its sole discretion.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company The Executive shall pay Executive receive an annual base salary (“Annual Base Salary”) of no less than $323,950 in near equal, periodic installments in accordance with 300,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Company’s customary payroll practices board of directors (the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and applicable wage payment laws, may be increased but no less frequently than monthlynot decreased. Executive’s annual base salary, The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . Such Annual Base Salary will increase until shall be payable in monthly or more frequent installments in accordance with the expiration of the Initial TermCompany’s payroll policies.

Base Salary. During Executive’s employment, the Company shall pay Executive an annual initial base salary at the rate of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, 275,000 per annum (as in effect from time to time, is hereinafter referred to as the “Base Salary.” It is not expected that Executive’s ”). The Base Salary will increase until shall be payable in regular installments in accordance with the expiration Company’s regular payroll practices and shall be subject to all applicable tax withholdings and deductions. If Executive is still employed by the Company as of that time, then, on or after each anniversary of this Agreement, the Initial TermBase Salary shall be reviewed by the Board for any increase, provided that it shall automatically be increased by $25,000 as of such anniversary date.

Base Salary. During the Employment Term, the Company shall pay Executive an annual base salary of $323,950 375,000 per annum in near equal, periodic installments cash (the “Annual Base Salary”). Executive’s Annual Base Salary will be subject to annual review by the Board. The Annual Base Salary due to Executive hereunder shall be paid in accordance with Company’s customary the general Company payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salarypractices.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay to Executive an annual base salary of not less than Four Hundred Fifty Thousand ($323,950 in near equal450,000) Dollars (prorated for partial monthly and annual periods), periodic installments less deductions and withholdings, which base salary shall be paid in accordance with the Company’s customary normal payroll practices policies and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as procedures (the “Base Salary.” It is not expected that ”). The Board or the Compensation Committee of the Board (the “Committee”) shall conduct annual performance reviews of Executive for merit increases and may, in its sole discretion, increase Executive’s Base Salary will increase until the expiration of the Initial Termon an annual basis.

Base Salary. During the Employment Term, the Company shall pay to the Executive an annual a base salary of $323,950 in near equal, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no not less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as $ 665,000 per annum (the “Base Salary.” It is not expected that ”). The Board shall review Executive’s Base Salary will increase until the expiration annually (after approval of the Initial Termforthcoming year’s budget and receipt of the prior year’s financial statements) and increase it by an amount no less than the increase in the consumer price index for the Washington, D.C. metropolitan area from the immediately preceding year.

Base Salary. The Company shall pay the Executive an annual rate of base salary of USD $323,950 240,000, in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlybi-weekly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”). However, the Executive’s base salary may not be decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an annual During the term hereof, the Executive’s base salary of $323,950 in near equal, periodic installments (the “Base Salary”) shall be paid in accordance with Companythe Corporation’s customary regular payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is but not expected that less frequently than in monthly installments. As of the Effective Date, the Executive’s Base Salary will increase until shall be at an annualized rate of $375,000. During the expiration term hereof, the Corporation may review and adjust the Executive’s rate of the Initial TermBase Salary from time to time.

Base Salary. The Company shall pay to the Executive an annual base salary of $323,950 (the “Base Salary”) payable in near equal, periodic substantially equal installments at such intervals as may be determined by the Company in accordance with Company’s customary its ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salarypractices, as in effect established from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s . The Base Salary will increase until the expiration shall be reviewed annually and increased as appropriate for market changes, commencing effective January 1, 2024. Executive annualized Base Salary as of the Initial TermEffective Date is $320,000. The Base Salary shall not be decreased by the Company except with the prior written consent of the Executive.

Base Salary. The Company shall pay the Executive an annual base salary of $323,950 450,000.00 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, commencing in January 2020, increase the base salary at its discretion. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. Company The Employer shall pay the Executive an annual rate of base salary of $323,950 EUR 167,729 in near equal, periodic installments in accordance with under the Company’s 's customary payroll practices and applicable wage payment laws, . The Compensation Committee of the Board (the "Compensation Committee") shall review the Executive's base salary at least annually and the Compensation Committee may increase (but no less frequently than monthlynot decrease) the Executive's base salary during the Employment Term. The Executive’s 's annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term."

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 340,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary shall be reviewed at least annually by the Board and the Board may, but no less frequently than monthlyshall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. Company shall pay Executive an annual base salary The Executive’s annualized Base Salary as of the date of this Agreement is $323,950 in near equal550,000, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. Executive’s annual base salaryannually, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that and any changes thereto (which shall thereafter be deemed the Executive’s Base Salary will increase until Salary) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. Company shall pay Executive an annual base salary The Executive's annualized Base Salary as of the date of this Agreement is $323,950 in near equal355,249.78, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. annually, and any changes thereto (which shall thereafter be deemed the Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “'s Base Salary.” It is not expected that Executive’s Base Salary will increase until ) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. During the Term, the Company shall pay to the Executive a base salary at an annual base salary rate of not less than $323,950 320,000, in near equal, periodic substantially equal installments in accordance with Company’s customary the regular payroll practices and applicable wage payment lawsof the Company, but no not less frequently than monthly. The Executive’s base salary shall be subject to annual base salaryreview by the Compensation Committee of the Board (the “Committee”) and may be increased, as in effect but not decreased, from time to time, is hereinafter referred time by the Committee. The base salary as determined herein and adjusted from time to as time shall constitute “Base Salary” for purposes of this Agreement.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Term, the Company shall pay the Executive an annual a base salary (“Base Salary”) at the rate of no less than $323,950 in near equal29,166.66 per month (or $350,000 on an annualized basis). At least once per year, periodic installments the Board shall review Executive’s Base Salary and such Base Salary shall be subject to increase if so determined by the Board. The Executive’s Base Salary shall be paid in accordance with the Company’s customary standard payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as policies in effect from time to time, is hereinafter referred to as “Base Salaryand prorated for any partial year of employment.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall will pay to the Executive an annual annualized base salary of not less than $323,950 in near equal700,000, periodic installments payable in accordance with Company’s the customary payroll practices and applicable wage payment laws, but of the Company (“Base Salary”). The Base Salary shall be reviewed no less frequently than monthly. Executive’s annual base salaryannually for purposes of increase, as such increase, if any, to be determined in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration sole discretion of the Initial TermBoard or the compensation committee of the Board (the “Compensation Committee”).

Base Salary. Beginning on the Effective Date, the Company shall agrees to pay the Executive a base salary at an annual rate equal to $400,000.00. The Executive will be entitled to periodic review of his base salary of $323,950 in near equaland to such increases, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salaryif any, as in effect may be determined from time to time, is hereinafter referred to as “Base Salarytime by the Company.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an A base annual base salary of $323,950 in near equal270,000, periodic installments payable in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlythe Employer's standard practice for other senior executives. Executive's base salary shall be subject to annual review by the Board’s annual base salary, as Compensation Committee for discretionary periodic increases in effect from time accordance with the Employer's compensation policies. References to time, is hereinafter referred to as “Base Salary” in this Agreement shall be to the base salary set forth in this Paragraph 4.a and shall include any increases to such base salary made hereby.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay Executive an annual a monthly base salary equal to $150,000 per month (the "Monthly Base Salary"). The Board of $323,950 in near equal, periodic installments Directors shall review Executive's Monthly Base Salary periodically to determine whether such amount shall be adjusted upwards in accordance with Company’s customary payroll practices the duties and applicable wage payment laws, but no less frequently than monthly. responsibilities of Executive and Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary's performance thereof.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Term, the Company shall will pay the Executive an annual base salary of at least $323,950 in near equal, periodic installments 312,000.00 for each twelve-month period of the Term. The base salary shall be reviewed for increase (but not decrease) by the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) no less than annually. The Executive’s base salary shall be payable in accordance with Company’s customary the normal payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration procedures of the Initial TermCompany.

Base Salary. Company The Bank shall pay the Executive an annual rate of base salary of $323,950 510,000 in near equal, periodic installments in accordance with Companythe Bank’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the executive management, consisting of the CEO, the President of the Bank and the President of the Corporation (“Executive Management”) and Executive Management may, but shall not be required to, adjust the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Commencing on the Effective Date, the Company shall will pay Executive an annual a base salary at the annual rate of $323,950 300,000, which amount shall be reviewed annually and subject to increase (but not decrease) at the good faith discretion of the Board (as adjusted from time to time, the “Base Salary”). The Base Salary will be payable in near equal, periodic substantially equal installments in accordance with Company’s customary payroll practices and applicable wage payment laws, but (no less frequently than monthly. Executivebi-weekly) in accordance with the Company’s annual base salary, payroll practices as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the period of Executive’s employment under this Agreement, the Company shall pay Executive an annual base salary of (“Annual Base Salary”) at an annual rate equal to not less than Two Hundred Seventy Seven Thousand Dollars and No/100 Dollars ($323,950 in near equal277,000.00), periodic installments which shall be reviewed annually by the Board. Executive’s Annual Base Salary shall be paid in accordance with Company’s customary payroll the standard practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration for other senior corporate executives of the Initial TermCompany.

Base Salary. The Company shall pay the Executive an annual a base salary at an annualize rate of $323,950 330,000 payable in near equal, periodic equal semimonthly installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlypractices. The Executive’s base salary shall be reviewed annually by the Compensation Committee of the Board. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.”

Base Salary. Company shall pay Executive an annual base salary The Executive’s annualized Base Salary as of the date of this Agreement is $323,950 in near equal400,000.00, periodic installments payable in accordance with Company’s customary the regular payroll practices and applicable wage payment laws, but of the Company. The Base Salary shall be reviewed no less frequently than monthly. Executive’s annual base salaryannually, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that and any changes thereto (which shall thereafter be deemed the Executive’s Base Salary will increase until Salary) shall be solely within the expiration discretion of the Initial TermBoard.

Base Salary. The Company shall pay the Executive an annual rate of base salary of $323,950 275,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices practices. The Executive’s base salary shall be reviewed at least annually by the Board and applicable wage payment lawsthe Board may, but no less frequently than monthlyshall not be required to, increase (but not decrease) the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. The Company shall pay to the Executive an annual base salary of $323,950 (the “Base Salary”) payable in near equal, periodic substantially equal installments at such intervals as may be determined by the Company in accordance with Company’s customary its ordinary payroll practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salarypractices, as in effect established from time to time. The Base Salary shall be reviewed by the Board of Directors annually, is hereinafter referred to and increased as “Base Salary.” It is not expected that appropriate, for market changes. Executive’s annualized 2019 Base Salary will increase until remains unchanged at $450,000. The Base Salary shall not be decreased by the expiration Company except with the prior written consent of the Initial TermExecutive.

Base Salary. The Company shall pay the Executive an annual rate of base salary of USD $323,950 300,000 in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlybi-weekly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board (the “Compensation Committee”). However, the Executive’s base salary may not be decreased during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. Company shall pay The Executive will be paid an annual base salary of $323,950 315,000.00, subject to tax withholdings and upwards adjustment as provided below (the “Base Salary”), which will be payable in near equal, equal periodic installments in accordance with Companyaccording to the Employer’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that The Executive’s Base Salary will increase until be reviewed by the expiration Employer’s Board of Directors not less frequently than annually, and may be further adjusted upward by the Employer, but in no case can be adjusted downward without the mutual agreement of the Initial TermParties.”

Base Salary. During the period of Executive’s employment under this Agreement, the Company shall pay Executive an annual base salary (“Annual Base Salary”) at an annual rate equal to not less than Two Hundred Sixty-Five Thousand and No/100 Dollars ($265,000.00), which shall be reviewed annually by the Board or the Compensation Committee of $323,950 in near equal, periodic installments the Board. Executive’s Annual Base Salary shall be paid in accordance with Company’s customary payroll the standard practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration for other senior corporate executives of the Initial TermCompany.

Base Salary. Company shall pay Executive an A base annual base salary of $323,950 in near equal250,000, periodic installments payable in accordance with Company’s customary payroll practices and applicable wage payment laws, but no less frequently than monthlythe Employer's standard practice for other comparable executives. Executive’s 's base salary shall be subject to annual review by the Board of Directors of the Employer (the 'Board') for discretionary periodic increases in accordance with the Employer's compensation policies. References to 'base salary, as ' in effect from time this Agreement shall be to time, is hereinafter referred the base salary set forth in this Paragraph 4.a and shall include any increases to as “Base Salarysuch base salary made hereby.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the Employment Term, the Company shall will pay to the Executive an annual a base salary of per annum equal to $323,950 in near equal600,000.00, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment lawswhich will be reviewed annually, but no less frequently than monthly. Executive’s annual base salarymay not be decreased, except in the event of a reduction in salaries of Company executives generally (as in effect from time to time, is hereinafter referred to as the “Base Salary.” It is not expected that Executive’s ”). The Base Salary will increase until be payable at the expiration times and in the manner consistent with the Company’s policies regarding compensation of the Initial TermCompany’s executives generally, but in no event less frequently than monthly.

Base Salary. During the Employment Term, the Company shall will pay to the Executive an annual a base salary of per annum equal to $323,950 in near equal250,000.00, periodic installments in accordance with Company’s customary payroll practices and applicable wage payment lawswhich will be reviewed annually, but no less frequently than monthly. Executive’s annual base salarymay not be decreased, except in the event of a reduction in salaries of Company executives generally (as in effect from time to time, is hereinafter referred to as the “Base Salary.” It is not expected that Executive’s ”). The Base Salary will increase until be payable at the expiration times and in the manner consistent with the Company’s policies regarding compensation of the Initial TermCompany’s executives generally, but in no event less frequently than monthly.

Base Salary. The Company shall pay the Executive an annual base salary at the rate of two hundred thousand dollars ($323,950 200,000), in near equal, periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment lawspractices, but no less frequently than monthly. The Executive’s base salary shall be reviewed at least annually by the Compensation Committee of the Board, and the Board may increase (but not decrease) the base salary of the Executive during the Term. The Executive’s annual base salary, as in effect from time to time, time during the Term is hereinafter referred to herein as the “Base Salary”.” It is not expected that Executive’s Base Salary will increase until the expiration of the Initial Term.

Base Salary. During the period of Executive's employment under this Agreement, the Company shall pay Executive an annual base salary ("Annual Base Salary") at an annual rate equal to not less than Two Hundred Thousand and No/100 Dollars ($200,000.00), which shall be reviewed annually by the Board or the Compensation Committee of $323,950 in near equal, periodic installments the Board. Executive's Annual Base Salary shall be paid in accordance with Company’s customary payroll the standard practices and applicable wage payment laws, but no less frequently than monthly. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” It is not expected that Executive’s Base Salary will increase until the expiration for other senior corporate executives of the Initial TermCompany.