The Company shall pay Executive a base salary (the "Base Salary") at the annual rate of $556,200 (U.S.) payable at such times as the Company customarily pays its other senior level executives (but in any event no less often than monthly). The Base Salary shall be subject to all state, federal, and local payroll tax withholding and any other withholdings required by law. The Executive’s Base Salary may be increased, but not decreased by the Board or the Compensation Committee of the Board (the “Compensation Committee”) Once increased, such increased amount shall constitute the Executive’s Base Salary and shall not be decreased.