The Company agrees to pay the Employee a base salary at the rate of $375,000 per annum or such larger amount as the Board may from time to time determine (hereinafter referred to as the “ Base Salary ”). Employee’s Base Salary shall be reviewed annually. Such Base Salary shall be payable in accordance with the Company’s customary practices applicable to its senior executives. In addition to the Base Salary, Employee shall be eligible for an incentive bonus subject to the terms and conditions of the Company’s incentive bonus plan as in effect from time to time for senior management and as the Compensation Committee of the Board of Directors of the Company (the “ Compensation Committee ”) in its discretion may determine (the “ Bonus ”). Employee’s current target Bonus is 75% of Employee’s Base Salary, subject to the Company’s achievement of performance targets.