In consideration of the services rendered to the Company hereunder by Executive and Executive's covenants hereunder and in the Company's Proprietary Information and Inventions Agreement, during the Employment Term, the Company shall pay Executive a gross salary of $280,000.00 per year (the "Base Salary”), less statutory and other authorized deductions and withholdings, payable in accordance with the Company's regular payroll practices. This salary will be eligible for increase from time to time in accordance with the employee compensation policies then in effect.