GNC 2010 Annual Report Download - page 205

2. Term of Employment.
2.1 Employment Period. The employment of the Executive hereunder shall continue until September 30, 2009 (the "Initial Employment
Period"), unless terminated earlier in accordance with the provisions of Section 4 of this Agreement.
2.2 Extension. Unless terminated earlier in accordance with the provisions of Section 4 of this Agreement, the employment of the Executive
hereunder shall continue after the end of the Initial Employment Period for additional one (1)-year periods (each an "Extension Period" and,
together with the Initial Employment Period, the "Employment Period"), unless the Company or the Executive notifies the other in writing not
less than thirty (30) days prior to the end of the Initial Employment Period, or the end of the applicable Extension Period, of its or the
Executive's election, in its or the Executive's sole discretion, not to extend the Employment Period.
3. Compensation and General Benefits.
3.1 Base Salary.
(a) During the Employment Period, the Company agrees to pay to the Executive an annual base salary in an amount equal to $275,000
(such base salary, as may be adjusted from time to time pursuant to Section 3.1(b), is referred to herein as the "Base Salary"). The Executive's
Base Salary, less amounts required to be withheld under applicable law, shall be payable in equal installments in accordance with the
Company's normal payroll practices and procedures in effect from time to time for the payment of salaries to officers of the Company, but in no
event less frequently than monthly.
(b) The Board or the Compensation Committee established by the Board (the "Compensation Committee") shall review the Executive's
performance on an annual basis and, based on such review, may change the Base Salary, as it, acting in its sole discretion, shall determine to
be reasonable and appropriate.
3.2 Bonus. With respect to the 2007 calendar year and with respect to each calendar year that commences during the Employment Period,
the Executive shall be eligible to receive from the Company an annual performance bonus (the "Annual Bonus") on a basis and in an amount to
be determined by the Board or the Compensation Committee in the exercise of its sole discretion for the applicable year. For 2007, the
Executive's target Annual Bonus shall be forty percent (40%) of the Base Salary with a maximum of seventy percent (70%) of the Base Salary
(prorated consistent with the Executive's first day or employment) if the Company exceeds the annual goals determined by the Board or the
Compensation Committee for 2007. Any Annual Bonus earned shall be payable in full as soon as reasonably practicable following the
determination thereof, but in no event later than May 15 of the following year, and in accordance with the Company's' normal payroll practices
and procedures. Except as otherwise expressly provided in Section 4 hereof, any Annual Bonus (or portion thereof) payable under this
Section 3.2 shall not be payable unless the Executive is employed by the Company on the last day of the period to which such Annual Bonus
relates. 2