Executive’s base salary shall be $250,000 per annum (the “ Base Salary ”), to be paid in accordance with the Company’s customary payroll practices. Executive’s Base Salary (as defined below) will be reviewed on an annual basis by the Compensation Committee of the Board (the “ Compensation Committee ”) and may be increased (or decreased as part of substantially similar reductions applicable to all executives) from time to time thereafter, at the discretion of the Compensation Committee.