A non-compete clause effective for two years after the end of the contract is also stipulated for Board of Management members. During the non-compete period, they receive 50% (or 75% in the case of Lawrence Rosen) of their last contractually stipulated fixed annual remuneration (annual base salary) on a pro rata basis as compensation each month. Any other earned income is generally deducted from the compensation paid during the non-compete period, provided such other income – together with the compensation payment – exceeds the last fixed remuneration paid on a monthly basis. The amount of the compensation payment itself is deducted from any severance payments or pension payments. Prior to or concurrent with cessation of the Board of Management contract, the company may declare its waiver of adherence to the non-compete clause. In such case, the company will be released from the obligation to pay compensation due to a restraint on competition six months after receipt of such declaration. The contract with Lawrence Rosen does not provide for such a unilateral waiver option.