As of the Effective Date, the Executive shall be paid a base salary of not less than $225,000 (the “Base Salary”) which Base Salary shall be earned and shall be payable at such intervals not less frequently than monthly, in equal installments, and otherwise in such a manner as is consistent with the Company’s normal practice for remuneration of executives. The Board shall review the Executive’s base salary on each of the anniversary dates of the execution of this agreement in order to determine whether the Executive’s salary should receive an upward adjustment.