Torquay chief executive Colin Lee has signed a new one-year rolling contract with the struggling League Two side.
The former Gulls player and manager, who returned to Plainmoor in January 2007, said: "I'm very pleased to have signed a new contract.
"The discussions were never about a financial rise. I'm on the same salary now as when the consortium took over.
"We're making big strides to build a proper infrastructure. It'll hopefully prove beneficial to the club and fans."
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