Executive's Base Salary shall not be less than $240,000.00, subject to possible adjustments on an annual basis ("Base Salary").  The annual adjustment to Base Salary, if any, shall be a discretionary increase deemed appropriate by the Board or one of its Committees in accordance with the prevailing salary administration practices of the Corporation.  The Base Salary shall be paid in accordance with the Corporation's regular payroll during the Term, and if applicable, during the severance pay period, less all required payroll taxes and authorized withholdings.