During the Employment Period, Executive shall receive an initial annual base salary in an amount equal to Three Hundred Forty Thousand Dollars $340,000.00, less all applicable withholdings, which shall be paid in accordance with the customary payroll practices of the Company (as in effect from time to time, the “Annual Base Salary”).  The Annual Base Salary shall be subject to annual review for possible increase, and the Annual Base Salary shall not be reduced without Executive’s consent, unless the reduction is related to a broader compensation reduction that is not limited to Executive and does not exceed 10% of Executive’s Annual Base Salary.  For purposes of this Agreement, the definition of Annual Base Salary shall include all such increases, if any.