During the Employment Period, the Employee shall receive a base salary at a rate of $180,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, and shall be subject to review on an annual basis as determined by the Board or a committee thereof (the “ Base Salary ”). The Employee’s Base Salary shall not be subject to decrease, other than a reduction which is part of a general cost reduction approved by the Board affecting other similarly situated employees and which does not exceed ten percent (10%) of the Employee’s then Base Salary when combined with any such prior reductions.