During the Employment Period, the Executive shall receive a base salary (such base salary, as it may be increased from time to time hereunder, the “ Annual Base Salary ”) at the annual rate of $200,000. The Annual Base Salary shall be payable in accordance with the Company’s payroll practices as in effect from time to time, subject to applicable taxes and withholding. During the Employment Period, the Annual Base Salary shall be reviewed for possible merit increases at least annually but shall not be reduced during the Employment Period.