During the Employment Period, the Executive shall receive a base salary (the “ Base Salary ”) of $321,059 per annum. The Base Salary shall be paid by the Company at such intervals as the Company pays executive salaries generally. The Base Salary may be reviewed annually by the Board, or the Compensation Committee thereof, and may be increased in the discretion of the Board, or the Compensation Committee thereof. The term “ Base Salary ” as utilized in this Agreement shall refer to Base Salary as so increased from time to time.