You will be paid on a salary basis at a rate of $21,153.85 per bi-weekly pay period, representing payment for all hours worked by you for Foundation Medicine, equivalent to an annualized base salary of approximately $550,000 (“ Base Salary ”). The Base Salary will be paid in accordance with Foundation Medicine’s standard payroll practices and subject to customary deductions and withholdings as required by law. You will be eligible to participate in annual merit salary increases, in the discretion of the Board or the Compensation Committee of the Board (the “ Compensation Committee ”), in accordance with the Company’s compensation practices. To be eligible for a merit increase, you must be employed by September 30 of the previous year.