Common use of Basic Remuneration Clause in Contracts

Basic Remuneration. For his services under this Agreement, the Corporation shall pay the Executive at a gross annual salary rate (the “Salary”) (before deductions and other withholdings) of $300,000. The Salary shall be paid in accordance with the Corporation’s usual payroll practices and in accordance with applicable law.

Basic Remuneration. For his services under this Agreement, the Corporation shall pay the Executive at a gross annual salary rate (the “Salary”) (before deductions and other withholdings) of $300,000534,000. The Salary shall be paid in accordance with the Corporation’s usual payroll practices and in accordance with applicable law.