Common use of Compensation of the Executive Clause in Contracts

Compensation of the Executive. 1. The Employer shall pay the Executive a basic annual salary of $275,000 and the Executive shall be given consideration for performance based bonuses and salary increases on a semi- annual basis with the first such review to take place six months after the effective date of this Employment Agreement. In consideration of the receipt of this compensation, the Executive shall be responsible to allocate such time as would be required to meet the requirements of the chief executive officer of mPhase Technologies, Inc.

Compensation of the Executive. 1. The Employer shall pay the Executive a basic annual salary of $275,000 200,000 and the Executive shall be given consideration for performance based bonuses and salary increases on a semi- semi-annual basis with the first such review to take place six months after the effective date of this Employment Agreement. In consideration of the receipt of this compensation, the Executive shall be responsible to allocate such time as would be required to meet the requirements of the chief executive officer of mPhase Technologies, Inc.