(Total Views: 397)
Posted On: 09/22/2025 3:52:58 PM
Post# of 157259
The time period was shorter than I recalled (only a couple of months)...but the interim agreement stated:
(a) Base Salary. The Executive has elected to receive the minimum salary, as required by law, for the
term of this Agreement. During the Term, the Executive’s base salary (the “Base Salary”), and any
adjustments thereto, is subject to approval by the Compensation Committee of the Board (the
“Compensation Committee”), and shall be subject to customary withholdings and authorized deductions
and be payable in equal installments in accordance with the Company’s customary payroll practices in
place from time to time. The Executive’s Base Salary shall be subject to periodic adjustments as determined
by the Compensation Committee. As used in this Agreement, the term “Base Salary” shall refer to Base
Salary as may be adjusted from time to time.
(b) Annual Bonus. The Executive has elected to forego bonus compensation under this Agreement.
(c) Equity Compensation. The Executive has elected to forego equity compensation under this
Agreement.
(a) Base Salary. The Executive has elected to receive the minimum salary, as required by law, for the
term of this Agreement. During the Term, the Executive’s base salary (the “Base Salary”), and any
adjustments thereto, is subject to approval by the Compensation Committee of the Board (the
“Compensation Committee”), and shall be subject to customary withholdings and authorized deductions
and be payable in equal installments in accordance with the Company’s customary payroll practices in
place from time to time. The Executive’s Base Salary shall be subject to periodic adjustments as determined
by the Compensation Committee. As used in this Agreement, the term “Base Salary” shall refer to Base
Salary as may be adjusted from time to time.
(b) Annual Bonus. The Executive has elected to forego bonus compensation under this Agreement.
(c) Equity Compensation. The Executive has elected to forego equity compensation under this
Agreement.

