 What entity is the Executive's compensation paid to?
The Executive’s current base salary of $200,000 per annum, which shall be increased to $225,000 on the 60 day anniversary of the Effective Date, shall remain in place, but shall be subject to periodic review and modification by the Company’s Board of Directors (the “ Board ”) as may be delegated to the Compensation Committee of the Board (references herein to the Compensation Committee shall include reference to the Board if no such Committee exists at any time) at such time or times as it shall determine. The Company’s Compensation Committee shall also from time to time, in its discretion, determine the type and amount of other forms of compensation for Executive’s service with the Company (including, without limitation, stock options or other forms of equity awards).
Company