The Company shall pay the Executive an annual rate of base salary of $250,000 which shall accrue commencing as of October 1, 2016 and shall be payable when the Board deems possible; and thereafter payable in periodic installments in accordance with the Company's customary payroll practices, but no less frequently than monthly. The Executive's base salary shall be reviewed at least annually by the Board for increases based on evaluation of accomplishments of Executive and are expected to be increased by a minimum of 15% each annual anniversary, subject to the approval by the Board. The Executive's annual base salary, as in effect from time to time, is hereinafter referred to as " Base Salary ".