During the Employment Term (as defined in Section 4 ), the Company shall pay Employee a salary at the annual rate of $360,000 or such greater amount as the Board or a committee thereof may from time to time establish pursuant to the terms hereof (the “ Base Salary ”). Such Base Salary shall be reviewed annually and may be increased, but not decreased, by the Board or a committee thereof in its sole discretion. The Base Salary shall be payable in accordance with the Company’s customary payroll practices for its senior management personnel.