During the term hereof, the Executive’s base salary (the “ Base Salary ”) shall be paid in accordance with the Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. As of the Commencement Date, the Executive’s Base Salary shall be at an annualized rate of $350,000. The Compensation Committee of the Board shall review the Executive’s Base Salary at least annually and may increase the Base Salary from time to time at its sole discretion.