In consideration for the Executive’s services hereunder and the restrictive covenants contained herein, the Executive shall initially be paid an annual base salary as follows: Year 1 of the Employment Term: $225,000; Year 2 of the Employment Term: $250,000; and Year 3 of the Employment Term: $275,000 (the “ Salary ”), which salary shall be payable commencing as of date hereof and shall be payable in accordance with the Company’s customary payroll practices.