During the Term, the Company shall pay Executive an annual base salary of five hundred fifty thousand U.S. dollars (US$550,000) (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).   F or all purposes under this Agreement, the term “ Base Salary ” shall refer to the Base Salary as in effect from time to time.