Common use of Basic Salary Clause in Contracts

Basic Salary. As a compensation for the duties to be performed by the Executive hereunder, the Company will pay the Executive a base salary at an annual rate of $175,000 per year through the first anniversary of the Effective Date, and such annual salary shall thereafter during the three year term hereof increase effective as of the first day of each succeeding 12-month period by the greater of (i) the change in the consumer price index during the preceding 12-month period, or (ii) such other amount as the Board in its discretion determines to be appropriate. The Executive's base salary shall be payable in accordance with the customary payroll practices of the company as in effect from time to time during the period of employment.

Basic Salary. As a compensation for the duties to be performed by the Executive hereunder, the Company will pay the Executive a base salary at an annual rate of $175,000 250,000 per fiscal year through the first anniversary of the Effective DateCompany through September 30, 2001, and such annual salary shall thereafter during the three year term hereof increase effective as of the first day of each succeeding 12-month period fiscal year commencing after September 30, 2001 by the greater of (i) the change in the consumer price index during the preceding 12-month periodlast completed fiscal year, or (ii) such other amount as the Board in its discretion determines to be appropriate. The Executive's base salary shall be payable in accordance with the customary payroll practices of the company as in effect from time to time during the period of employment.

Basic Salary. As a compensation for the duties to be performed by the Executive hereunder, the Company will pay the Executive a base salary at an annual rate of $175,000 150,000 per year through the first anniversary of the Effective DateCompany through December 31, 2002, and such annual salary shall thereafter during the three year term hereof increase effective as of the first day of each succeeding 12-month period calendar year commencing after December 31, 2002 by the greater of (i) the change in the consumer price index during the preceding 12-month periodlast completed fiscal year, or (ii) such other amount as the Board in its discretion determines to be appropriate. The Executive's base salary shall be payable in accordance with the customary payroll practices of the company as in effect from time to time during the period of employment.