For services performed by the President pursuant to this Agreement, the Company shall pay the President a base salary of Two Hundred Fifty Thousand Dollars ($250,000.00) per annum, payable in accordance with the Company’s regular payroll practice subject to any applicable tax and payroll deductions (the “ Base Salary ”). The Base Salary is subject to annual increases in the sole discretion of the Board. Any compensation which may be paid to the President under any additional compensation or incentive plan of the Company or which may be otherwise authorized from time to time by the Board shall be in addition to the Base Salary to which the President shall be entitled to under this Agreement.