Common use of Compensation for Employment Clause in Contracts

Compensation for Employment. (a) The basic annual rate of compensation of the Employee for his employment services to the Company during the Employment Term shall be $200,000 (such amount is referred to herein as the "Salary"), which the Company shall pay to the Employee in equal installments in accordance with the normal payroll policies of the Company. The Salary shall be reviewed at least one time each calendar year by the Compensation Committee of the Board for possible increases, taking into account such matters as the Employee's responsibilities, the profitability of the Company, the compensation 2 of other executives of the Company, increases in cost of living and other factors deemed pertinent by the Compensation Committee. In light of such review, the Company, in its sole discretion, may increase the Salary but shall not decrease the Salary during the Employment Term. (b) The Employee shall be eligible to receive annual performance bonuses (such amounts are referred to herein as the "Bonus") in accordance with the following schedule: (i) If the Company earns $45 million or more of EBITDA (as defined below) in 2001, the Company shall pay the Employee a Bonus for 2001 of $200,000. (ii) If the Company earns between $40 million and $45 million of EBITDA (as defined below) in 2001, the Compensation Committee of the Board, in its discretion, may award the Employee a Bonus for 2001 of up to one-half (1/2) of the Bonus described in paragraph (i) above. (iii) If the Company earns less than $40 million of EBITDA (as defined below) in 2001, the Employee shall not be paid a Bonus for 2001. (iv) After 2001, the Employee shall be eligible to receive annual performance Bonuses in such amounts as approved by the Compensation Committee of the Board and participate in such bonus programs as are established for executive officers of the Company.

Compensation for Employment. (a) The basic annual rate of compensation of the Employee for his employment services to the Company hereunder shall be $200,000 or such higher amount as may be approved by the Board during the Employment Term shall be $200,000 (such amount is referred to herein as the "Salary"), in accordance with the Company's payroll payment schedule in effect from time to time, which the Company shall pay to the Employee in equal installments in accordance with the normal payroll policies of the Company. The Salary shall be reviewed at least one time each calendar year by the Compensation Committee of the Board for possible increases, taking into account such matters as the Employee's responsibilities, the profitability of the Company, the compensation 2 of other executives of the Company, increases in cost of living and other factors deemed pertinent by the Compensation Committee. In light of such review, the Company, in its sole discretion, may increase the Salary but shall not decrease the Salary during the Employment Termevery week. (b) The Employee shall be eligible to receive annual performance bonuses (such amounts are referred to herein as the "Bonus") in accordance with the following schedule: (i) If In addition to the Company earns $45 million or more of EBITDA (as defined below) in 2001aforementioned Salary, the Company shall pay to the Employee a Bonus for 2001 incentive compensation ("Incentive Compensation") equal to the product of $200,00035% percent of Base Salary multiplied by the Company Multiplier and multiplied by the Performance Factor, subject to adjustment as set forth below. (ii) If Incentive Compensation shall be calculated and paid quarterly. After the Company earns between $40 million and $45 million end of EBITDA (any fiscal year, Incentive Compensation shall be recalculated for the fiscal year just concluded and, if the Incentive Compensation paid during the fiscal year exceeds Incentive Compensation as defined below) in 2001calculated for the fiscal year, future Incentive Compensation payments shall be reduced by the Compensation Committee amount of the Board, in its discretion, may award the Employee a Bonus for 2001 of up to one-half (1/2) of the Bonus described in paragraph (i) abovesuch excess. (iii) If the Company earns less than $40 million During fiscal year 1999 only, Incentive Compensation shall be calculated with a minimum Performance Factor of EBITDA (as defined below) in 2001, the Employee shall not be paid a Bonus for 20011.0. (ivc) After 2001, The Company shall provide the Employee with fringe benefits set forth on Exhibit A (the "Fringe Benefits"). (d) If there is a Change of Control under subparagraphs (i)-(iii) of Section 1(f) the Company shall be eligible pay to receive annual performance Bonuses in such amounts as approved by the Compensation Committee Employee an amount equal to $100,000 within 180 days of the Board and participate in such bonus programs as are established for executive officers date of the Companyoccurrence of the event causing such a Change of Control.

Compensation for Employment. (aa.) The basic annual rate of compensation of the Employee for his employment services to the Company hereunder shall be $225,000 or such higher amount as may be approved by the Board during the Employment Term shall be $200,000 (such amount is referred to herein as the "Salary"), in accordance with the Company's payroll payment schedule in effect from time to time, which the Company shall pay to the Employee in equal installments in accordance with the normal payroll policies of the Company. The Salary shall be reviewed at least one time each calendar year by the Compensation Committee of the Board for possible increases, taking into account such matters as the Employee's responsibilities, the profitability of the Company, the compensation 2 of other executives of the Company, increases in cost of living and other factors deemed pertinent by the Compensation Committee. In light of such review, the Company, in its sole discretion, may increase the Salary but shall not decrease the Salary during the Employment Termevery week. (b) The Employee shall be eligible to receive annual performance bonuses (such amounts are referred to herein as the "Bonus") in accordance with the following schedule: (i) If In addition to the Company earns $45 million or more of EBITDA (as defined below) in 2001aforementioned Salary, the Company shall pay to the Employee a Bonus for 2001 incentive compensation ("Incentive Compensation") equal to the product of $200,00035% percent of Base Salary multiplied by the Company Multiplier and multiplied by the Performance Factor, subject to adjustment as set forth below. (ii) If Incentive Compensation shall be calculated and paid quarterly. After the Company earns between $40 million and $45 million end of EBITDA (any fiscal year, Incentive Compensation shall be recalculated for the fiscal year just concluded and, if the Incentive Compensation paid during the fiscal year exceeds Incentive Compensation as defined below) in 2001calculated for the fiscal year, future Incentive Compensation payments shall be reduced by the Compensation Committee amount of the Board, in its discretion, may award the Employee a Bonus for 2001 of up to one-half (1/2) of the Bonus described in paragraph (i) abovesuch excess. (iii) During fiscal year 1999 only, Incentive Compensation shall be calculated with a minimum Performance Factor of 1.0. c.) The Company shall provide the Employee with fringe benefits set forth on Exhibit A (the "Fringe Benefits"). d.) If there is a Change of Control under subparagraphs (i)-(iii) of Section 1(f) the Company earns less than $40 million of EBITDA (as defined below) in 2001, shall pay to the Employee shall not be paid a Bonus for 2001. (iv) After 2001, the Employee shall be eligible an amount equal to receive annual performance Bonuses in such amounts as approved by the Compensation Committee $300,000 within 180 days of the Board and participate in such bonus programs as are established for executive officers date of the Companyoccurrence of the event causing such a Change of Control.