Montreign agrees to pay or cause to be paid to the Executive during the Term a base salary at the rate of Four Hundred Thousand Dollars ($400,000) per year for the Term which may increase if, in their sole discretion, the Board shall determine based on a number of factors that the Executive’s performance warrants such an increase (the base salary in effect shall be referred to herein as, the “Base Salary”). Such Base Salary shall be payable, less applicable withholdings and deductions, in accordance with the Company’s reasonable and customary payroll practices applicable to its executive officers commensurate with the position held by the Executive.