During the Period of Employment, the Company shall pay the Executive a base salary (the “ Base Salary ”), which shall be paid in accordance with the Company’s regular payroll practices in effect from time to time but not less frequently than in monthly installments. The Executive’s Base Salary shall be at an annualized rate of Five Hundred Fifty Thousand Dollars ($550,000). The Board (or a committee thereof) will at least annually (beginning in 2018) review the Executive’s Base Salary and may, in its sole discretion, increase (but not decrease) the Executive’s rate of Base Salary.