The Company will pay Executive for all services to be rendered by Executive hereunder (including and without limitation, all services to be rendered by him as an officer and/or director of the Company and its subsidiaries and affiliates) a base salary (“ Base Salary ”) of Seven Thousand Two Hundred Eleven and 54/100ths Dollars ($7,211.54) per week ($375,000 annualized). The Base Salary may be increased at the discretion of the Board from time to time during the Employment Term. Base Salary shall be payable bi-weekly or otherwise in accordance with customary payroll practices for senior executives of the Company.