As compensation for all services performed by Executive under and during the Employment Term, the Company shall pay to Executive a base salary at the rate of $125,000 per year, in equal bi-weekly installments in accordance with its customary payroll practices. Such base salary, as may be increased from time to time at the Company’s sole discretion, is hereafter referred to as the “ Base Salary .” All payments will be subject to Executive’s chosen benefit deductions and the deductions of payroll taxes and similar assessments as required by law.