During the Term, the Company hereby agrees to pay to Executive an annualized base salary of [                     ($        )] (the “ Salary ”), subject to all applicable Federal, state and local income and employment taxes and other required or elected withholdings and deductions, payable in equal installments on the Company’s regularly-scheduled paydays as it is earned. Executive’s Salary will be reviewed at least annually by the Compensation Committee (the “ Compensation Committee ”) of the Board of Directors of the Company (the “ Board ”) and, when appropriate as determined in the Compensation Committee’s discretion, may be adjusted (in which case such adjusted amount shall be the “Salary” hereunder).