Common use of Initial Salary Clause in Contracts

Initial Salary. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary at an annual rate equal to the sum of (a) Three Hundred Seventy-Seven Thousand Two Hundred Eleven Dollars ($377,211) and (b) a cost of living adjustment for the 1995 calendar year determined pursuant to the provisions of that certain Employment Agreement dated as of June 1, 1992 by and between the Company and the Executive (the "Previous Agreement") (subject to applicable payroll and/or other taxes required by law to be withheld).

Initial Salary. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary at an annual rate equal to the sum of (a) Three Hundred Seventy-Seven Thousand Two Hundred Eleven Dollars ($377,211) and (b) a cost of living adjustment for the 1995 calendar year determined pursuant to the provisions of that certain Employment Agreement dated as of June 1, 1992 by and between the Company and the Executive (the "Previous Agreement") (subject to applicable payroll and/or other taxes required by law to be withheld) as follows: (a) for the period from the date of this Agreement through December 31, 2006, the amount of One Hundred Eight Thousand Dollars($108,000.00).;

Initial Salary. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary at an annual rate equal to the sum of (a) Three Hundred Seventy-Seven Thousand Two Hundred Eleven Dollars ($377,211) and (b) a cost of living adjustment for the 1995 calendar year determined pursuant to the provisions of that certain Employment Agreement dated as of June 1, 1992 by and between the Company and the Executive (the "Previous Agreement") (subject to applicable payroll and/or other taxes required by law to be withheld) as follows: 1. for the period from the date of this Agreement through December 31, 2006, the amount of One hundred-fifty thousand dollars ($150,000).

Initial Salary. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary at an annual rate equal to the sum of (a) Three Hundred Seventy-Seven Thousand Two Hundred Eleven Dollars ($377,211) and (b) a cost of living adjustment for the 1995 calendar year determined pursuant to the provisions of that certain Employment Agreement dated as of June 1, 1992 by and between the Company and the Executive (the "Previous Agreement") (subject to applicable payroll and/or other taxes required by law to be withheld)) equal to One Hundred Twenty-Five Thousand Dollars ($125,000.00) per annum.

Initial Salary. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary at an annual rate equal to the sum of (a) Three Hundred Seventy-Seven Thousand Two Hundred Eleven Dollars ($377,211) and (b) a cost of living adjustment for the 1995 calendar year determined pursuant to the provisions of that certain Employment Agreement dated as of June 1, 1992 by and between the Company and the Executive (the "Previous Agreement") (subject to applicable payroll and/or other taxes required by law to be withheld)) equal to One Hundred Seventy-Five Thousand Dollars ($175,000.00) per annum.