Until such time as the Company records its first $10,000,000 in revenue (the “Revenue Trigger”), the Company shall pay the Executive an annual rate of base salary of no less than $225,000.00; after the occurrence of the Revenue Trigger, the Company shall pay the Executive an annual rate of base salary of no less than $247,500.00; in either case in periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than monthly. The Executive’s annual base salary, as in effect from time to time, shall be referred to in this Agreement as “ Base Salary ”.