During the “Term” (as defined in Section 3 below), the Company will pay to Executive a base salary at a rate of $395,000 per annum, which may be reviewed and increased (but not decreased) from time to time in the normal course of business (such annual salary, as in effect from time to time, to be referred to herein as “ Base Salary ”). Executive’s Base Salary will be payable in accordance with the Company’s normal payroll practices.