As compensation for his Services during the Term, the Company shall pay Employee a base salary at the annual rate of $380,000.00 (the “ Base Salary ”), payable in accordance with the Company’s general policies and procedures for payment of salaries to its employees as in effect from time to time. Employee’s performance shall be reviewed by the Reporting Person not less often than annually for the purpose of evaluating potential increases in the Base Salary for recommendation to and approval.