During the Term, the Company shall pay Executive an annual base salary of $420,000 (the “ Base Salary ”), payable in equal biweekly installments (or, if different, in accordance with the Company’s payroll practice as in effect from time to time).  During the Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board, but in no event shall the Company pay Executive a Base Salary less than that set forth above during the period that Executive is employed with the Company.  F or all purposes under this Agreement, the term “Base Salary” shall refer to the Base Salary as in effect from time to time.