During the Employment Period, the Employer shall pay to Executive a base salary (the “Base Salary”) at the rate of no less than $950,000 per calendar year, less applicable deductions . The Base Salary shall be reviewed for increase by the Employer no less frequently than annually and may be increased at the discretion of t he Employer; any such increas ed Base Salary shall constitute the “Base Salary” for purposes of this Agreement.   The Base Salary shall be paid in substantially equal installments in accordance with the Employer’s regular payroll practic es.