The Employee shall be entitled to receive during his service hereunder a minimum annual base salary (the “Base Salary”) of Three Hundred Ten Thousand ($310,000), which shall be payable in installments in accordance with the Employer’s usual payroll method. Annually commencing in 2018, the Board of Directors shall review the Employee’s performance, the status of the Employer and such other factors as the Board of Directors or a committee thereof shall deem appropriate and shall adjust the Base Salary accordingly; provided, however, that the Base Salary shall not be reduced unless such reduction is part of an overall reduction in salary applicable to all senior executive officers of the Employer.