During the Term, the Company shall pay to the Executive for the performance of his duties under this Agreement an annual base salary of $915,000 per year (the “ Base Salary ”), payable in accordance with the Company’s normal payroll practices. The rate of the Executive’s Base Salary will be reviewed and adjusted as appropriate in accordance with the Company’s regular compensation review practices. Effective as of the date of any such adjustment, the Base Salary as so adjusted shall be considered the new Base Salary for all purposes of this Agreement.