Executive's initial annual base salary (" Base Salary ") shall be One Hundred Fifty Thousand Dollars ($150,000), and the Company shall pay Executive Twelve Thousand Five Hundred Dollars ($12,500) on the first business day of each month in accordance with the Company's customary payroll practices; provided , however , that, following the completion by the Company of an acquisition, when the Company has achieved EBITDA (as defined below) of One Million Five Hundred Thousand Dollars ($1,500,000), Executive's Base Salary shall be increased to Two Hundred Forty Thousand Dollars ($240,000), and the Company shall pay Executive Twenty Thousand Dollars ($20,000) on the first business day of each month in accordance with the Company's customary payroll practices.   In the event the Company achieves an EBITDA of Ten Million Dollars ($10,000,000), Executive's annual Base Salary shall be increased to Four Hundred Twenty Thousand Dollars ($420,000.00), which shall become retroactive from the beginning of that same year during which such EBITDA is achieved.  Additionally, the Board may review Executive's Base Salary from time to time and may, but is not obligated to, increase Executive's Base Salary up to 10% annually during each anniversary of the Effective Date; any increase shall be determined and approved by the Board in its sole and absolute discretion.  Base Salary after the expiration of the Term, including Base Salary during any Additional Term, shall be in such amount and upon such terms and conditions to be determined and approved by the Board in its sole and absolute discretion prior to the expiration of the Term.