Executive shall receive for services to be rendered hereunder a salary at the rate of $360,000 per year, payable in biweekly payments of $13,846.15 and subject to payroll deductions as may be necessary or customary in respect of the Company’s salaried employees (the  “ Base Salary ” ). The Base Salary will be reviewed by and shall be subject to increase (but not decrease) at the sole discretion of the Board each year during the term of this Agreement.