During the Term, the Executive’s initial annual base salary shall be at least $235,000; provided, however, that concurrent with the Transition, the Executive’s annual base salary shall be in increased to $315, 000. The Executive’s base salary shall be redetermined annually by the Compensation Committee.  The base salary in effect at any given time is referred to herein as “Base Salary.”  The Base Salary shall be payable in a manner that is consistent with the Employers’ usual payroll practices for senior executives.