Beginning on the Effective Date, the Company agrees to pay the Employee a base salary at the annual rate of Two Hundred Thousand Dollars ($200,000). All salary, bonus, or other compensation payable to the Employee shall be subject to the customary withholding, FICA, medical and other tax and other employment taxes and deductions as required by federal, state and local law with respect to compensation paid by an employer to an employee. The Board of Directors and any committees thereof may perform an annual review of Employee’s salary based on a review of Employee’s performance of his duties and the Company’s other compensation policies.