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This excerpt taken from the TRLG 8-K filed Sep 17, 2008. Compensation Committee”) prior to the date of this Amendment effective commencing January 1, 2008. Executive’s Base Salary shall increase effective each subsequent January 1st during the Employment Period, commencing January 1, 2009, by an amount equal to 5% of the Base Salary in effect on the December 31 of the immediately preceding year.
4. Section 2(b)(ii) of the Agreement is hereby deleted in its entirety and replaced with the following: “In addition to Base Salary, Executive shall be eligible, for each fiscal year of TRA ending during the Term, to participate in TRA’s Executive Cash Incentive Bonus Plan as adopted by the Board of Directors and to receive an annual cash performance bonus (an “ |
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