Common use of Third Year Clause in Contracts

Third Year. During the Corporation's fiscal year 1997, Corporation shall pay to Employee as compensation for his services the sum of the amount pursuant to subparagraph (b) plus a percent raise between 5% and 20% as approved by the Board of Directors under the supervision of the Executive Compensation Committee. This amount shall be paid in equal installments monthly.

Third Year. During the Corporation's fiscal year 1997, Corporation shall pay to Employee as compensation for his services the sum of the amount pursuant to subparagraph (b) plus a percent raise between 5% and 20% as approved by the Board of Directors Chief Executive Officer under the supervision of the Executive Compensation Committee. This amount shall be paid in equal installments monthlytwice per month.