During the Employment Term, the Company shall pay Executive a base salary (“ Base Salary ”) at the annual rate of $530,450, payable in regular installments in accordance with the Company’s usual payment practices. Executive’s Base Salary shall be subject to annual review and subject to increase, if any, as may be determined from time to time in the sole discretion of the Board or the Compensation Committee of any direct or indirect parent of the Company, but in no event shall the Company be entitled to reduce Executive’s Base Salary.