During the Employment Term, the Company shall pay Executive a base salary (“Base Salary”) at the annual rate of $370,000, payable in regular installments in accordance with the Company’s usual payment practices. Executive shall be entitled to such increases in Executive’s Base Salary, if any, as may be determined from time to time in the sole discretion of the Compensation Committee of the Board (the “Compensation Committee”), but in no event shall the Company be entitled to reduce Executive’s Base Salary.