The Employee’s full-time annual base salary will be two hundred eighteen thousand dollars ($218,000). The amount of salary the Employee will receive from the Company each pay period will be determined based on the part-time percentage the Employee and the Company agree upon for each such pay period. Initially, the Company and the Employee agree that the employee’s part-time percentage shall be forty-nine percent (49%), which is deemed to correspond to salary at the annualized rate of one hundred nine thousand dollars ($109,000). The Employee and the Company may adjust the Employee’s part-time status percentage from time to time by mutual agreement. Furthermore, in the event the Employee’s part-time status percentage decreases as a result of the Employee’s obligations to MIT, the Company and the Employee shall in good faith determine a proportionate and corresponding adjustment to the Employee’s compensation hereunder. All salary payments the Employee receives from the Company will be in accordance with the Company’s standard payroll practices in effect from time to time, and subject to applicable statutory deductions and withholding required by law. The employee’s full time annual base salary will be reviewed on an annual basis, or more frequently by mutual agreement to determine potential corresponding increases, if any, based on the Employee’s performance and that of the Company.