Common use of Fixed Salary Clause in Contracts

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,47695,472. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476108,562. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.