During the Employment Term, the Company will pay Executive as compensation for his services a base salary at a rate of $[____] per year, as modified from time to time at the discretion of the Board or a duly constituted committee of the Board (the “ Base Salary ”). The Base Salary will be paid in regular installments in accordance with the Company’s normal payroll practices (subject to required withholding). Any modification in Base Salary (together with the then existing Base Salary) shall serve as the “Base Salary” for future employment under this Agreement. The first and last payment will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period.