Common use of Current Salary Clause in Contracts

Current Salary. Your salary will be $255,000.00 per year effective December 2008. You also are eligible, as of CQ1 2009, for quarterly bonuses up to $18,750 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.

Current Salary. Your salary will be $255,000.00 225,000.00 per year effective December 2008next pay period, which starts on October 22, 2006. You also are eligible, as of CQ1 2009, eligible for quarterly bonuses up to $18,750 12,500 per quarter based on meeting key parameters such as revenue and margins taken from the official financial projections of record, the exact percentage split and parameters to be determined by the CEO and notified to you. You must be employed on the last of the calendar quarter to receive a bonus payment for that quarter. Your bonus for a calendar quarter will be paid within a reasonable period (not to exceed 45 days) beginning 45 days after the last day of the calendar quarter. Your salary and bonus may be subject to review from time to time at the Company’s discretion.