Common use of Annual Base Salary Clause in Contracts

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate initially of $385,000 430,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedadjusted for increase, but not decrease) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”) by the Board or its compensation committee (“Compensation Committee”).

Annual Base Salary. During For the Termperiod of the Term ending March 31, 2019, Executive shall receive received a base salary at a rate of four hundred twenty thousand dollars ($385,000 420,000) per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”). Beginning on April 1, 2019, Executive’s Annual Base Salary shall be three hundred-sixty thousand dollars ($360,000) per annum. The Board may review Executive’s Annual Base Salary for increase from time to time in its sole discretion.

Annual Base Salary. During the Term, Executive shall receive a base salary at a minimum rate of $385,000 €589,578 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (subject to annual review and may be adjusted) from time to time increase by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 370,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) ,” and (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 301,600 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 1,250,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such The annual base salary, as it may be adjusted in effect from time to time, time is referred to in this Agreement as the “Annual Base Salary”). The Annual Base salary will be reviewed periodically by the Board and may be increased from time to time at the sole discretion of the Board.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 390,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 313,308 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 270,000 per annumyear, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board thereof (in either case, the “Board”) (” and, such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate initially of $385,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedadjusted for increase, but not decrease) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”) by the Board or its compensation committee (“Compensation Committee”).

Annual Base Salary. During the TermTerm of Employment, Executive shall receive a base salary at a the rate of $385,000 570,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed annum (and as may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board, and and/or the Compensation Committee of the Board, not less than annually.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 350,000 per annumannum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employmentCompany. Such annual base salary Annual Base Salary shall be reviewed (and may be adjustedincreased, but not decreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 375,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) ,” and (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 462,425 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a minimum rate of $385,000 655,600 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (subject to annual review and may be adjusted) from time to time increase by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, The Executive shall receive a base salary ("Annual Base Salary") at a rate of $385,000 225,000 per annum for the Initial Term, and thereafter at a rate to be negotiated between the Executive and the Boards, but in no event less than $225,000 per annum, which . The Annual Base Salary shall be paid payable in accordance with the customary payroll Company's normal payment practices of the Company and but, in no event, shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)Salary be payable less frequently than monthly.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 300,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate initially of $385,000 415,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedadjusted for increase, but not decrease) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”) by the Board or its compensation committee (“Compensation Committee”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board thereof (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 315,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During In consideration for Executive’s services during the Term, Executive shall receive a base salary at a rate of $385,000 250,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated annum (prorated for partial years of employment. Such annual base salary ), to be paid in installments in accordance with Employer’s payroll practices, from which Employer shall be reviewed (withhold and may be adjusted) from time to time deduct all applicable federal and state income, social security, disability and other taxes as required by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)applicable laws.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 420,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 200,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board thereof (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 401,700 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 480,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and its subsidiaries (but in no event less frequently than semi-monthly) and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of or the Company or an authorized committee Compensation Committee of the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, (1) The Executive shall receive a will be paid an annual base salary at a rate in the gross amount of $385,000 per annumCAD $ 328,000.00 (the “Base Salary”). The Base Salary will be payable in equal instalments, which shall be paid in accordance with the customary Corporation’s normal payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (schedule as in either case, the “Board”) (such annual base salary, as it may be adjusted effect from time to time, in arrears by direct deposit and subject to deductions required by law or authorized by the “Annual Base Salary”)Executive.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 570,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 505,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 437,750 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be upwardly adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be upwardly adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a the rate of $385,000 17,291.66 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed month (and may be adjusted) from time to time by the Board of Directors of the Company or $415,000 on an authorized committee of the Board (in either case, the “Board”annualized basis) (such annual base salary, as it may be adjusted and in effect from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board from time to time and is subject to such adjustments as determined necessary or appropriate by the Board.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 425,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) or an authorized committee thereof (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $385,000 $ 800,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employmentCompany. Such annual base salary The Annual Base Salary shall be reviewed (and may be adjustedadjusted upward) from time to time at least annually by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 305,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall initially receive a base salary at a the rate of $385,000 US$200,000 per annum, which shall subject to withholdings and deductions, and paid electronically to Executive’s designated bank accounts on a bi-weekly basis. Annual base salary increases will be paid in accordance with the customary payroll practices a minimum of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)prior year US inflation rate plus 2%.

Annual Base Salary. During the Term, Executive shall receive a base salary at a minimum rate of $385,000 475,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (subject to annual review and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) increase (such annual base salary, as it may be adjusted increased from time to time, the “"Annual Base Salary”").

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 per 400,000.00per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Employment Term, Executive shall receive a base salary at a rate of three hundred fifty thousand dollars ($385,000 350,000) per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices and procedures of the Company and shall be pro-rated for partial years of employmentCompany. Such annual base salary Annual Base Salary shall be reviewed (and may be adjusted) by the Board from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)but no less frequently than annually.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 310,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 420,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 374,920 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 410,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased but not decreased) from time to time time, but not less than annually, by the Board of Directors of the Company or an authorized a compensation committee of appointed by the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 219,078 per annum, which shall be paid in accordance with the customary payroll practices of the Company and its subsidiaries (but in no event less frequently than semi-monthly) and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of or the Company or an authorized committee Compensation Committee of the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 455,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (,” and such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 300,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) annum (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”). The Annual Base Salary shall be paid in accordance with the customary payroll practices of the Company.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 335,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary Annual Base Salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 307,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a minimum rate of $385,000 725,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed subject to periodic review in accordance with the Company’s regular process for similarly situated executives (with the first review for Executive accordingly expected not later than early 2020) and may shall be adjusted) from time subject to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) increase but not decrease (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).. (b)

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 363,900.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (and such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 564,900 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be upwardly adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be upwardly adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Employment Term, the Executive shall receive be paid a base salary at a the rate of $385,000 725,000 per annumannum (the "Annual Base Salary"), which shall be paid payable in equal installments in accordance with the Company's customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (its senior executives in either case, the “Board”) (such annual base salary, as it may be adjusted effect from time to time, the “Annual Base Salary”)but not less frequently than monthly.

Annual Base Salary. During the TermTerm and effective as of the Effective Date, Executive shall receive a base salary at a rate of $385,000 325,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 464,100 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and its subsidiaries (but in no event less frequently than semi-monthly) and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of or the Company or an authorized committee Compensation Committee of the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a Executive’s base salary at a rate of shall be $385,000 180,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employmentyears. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate initially of $385,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedadjusted for increase, but not decrease) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”) by the Board or its compensation committee (“Compensation Committee”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 350,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed employment (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $385,000 800,000 per annumannum through December 31, 2016 and increasing to $1,000,000 on January 1, 2017 (as applicable, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 200,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased but not decreased) from time to time time, but not less than annually, by the Board of Directors of the Company or an authorized a compensation committee of appointed by the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 710,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices and procedures of the Company and shall be pro-rated for partial years of employment(but with pro rata installments no less frequently than once per calendar month). Such annual base salary Annual Base Salary shall be reviewed (by the Board not less often than annually, and may be adjustedincreased (but not decreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 358,852 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 340,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 350,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary Annual Base Salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 290,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $385,000 290,000 per annumannum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employmentCompany. Such annual base salary shall The Annual Base Salary will be reviewed (and may be adjusted) from time to time by in accordance with the Board of Directors established procedures of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it for adjusting salaries for similarly situated employees and may be adjusted from time to time, in the “Annual Base Salary”)sole discretion of the Company.

Annual Base Salary. During the Term, The Executive shall receive a be paid an annual base salary for the Executive's actual period of employment at a rate computed on the basis of Three Hundred Four Thousand Two Hundred Dollars ($385,000 304,200) per annum, which year commencing from and after the Effective Date. The Executive's base salary shall be paid in accordance with the customary Company's normal payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) policies as from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)effect.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 500,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall initially receive a base salary payable at a the annualized rate of $385,000 per annumUS$185,000.00, which shall be subject to withholdings and deductions, and paid in accordance electronically to Executive’s designated bank accounts on a bi-weekly basis. Subject to Executive’s continued employment and good standing with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such Company, annual base salary shall increases will be reviewed (and may be adjusted) from time to time by the Board of Directors a minimum of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)prior year US inflation rate plus 2%.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 385,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased but not decreased) from time to time time, but not less than annually, by the Board of Directors of the Company or an authorized a compensation committee of appointed by the Board (in either case, the “BoardCompensation Committee”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 340,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During In consideration for Executive’s services during the Term, Executive shall receive a base salary at a rate of $385,000 315,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated annum (prorated for partial years of employment. Such annual base salary ), to be paid in installments in accordance with Employer’s payroll practices, from which Employer shall be reviewed (withhold and may be adjusted) from time to time deduct all applicable federal and state income, social security, disability and other taxes as required by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)applicable laws.

Annual Base Salary. During the Term, Executive shall receive a base salary at a the rate of $385,000 15,833.33 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed month (and may be adjusted) from time to time by the Board of Directors of the Company or $380,000 on an authorized committee of the Board (in either case, the “Board”annualized basis) (such annual base salary, as it may be adjusted and in effect from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board from time to time and is subject to such adjustments as determined necessary or appropriate by the Board.

Annual Base Salary. During the Term, Executive shall receive a Executive’s annual base salary at a rate the beginning of $385,000 per annum, which the Term of Employment shall be paid $341,285, payable in accordance with the customary Company’s normal payroll practices of the Company and shall be pro-rated for partial years of employmentits executive officers (“Base Salary”). Such annual base salary shall be reviewed (and The Base Salary may be adjusted) increased or decreased from time to time by at the Board of Directors discretion of the Company or an authorized committee Compensation Committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 375,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (,” and such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 364,400 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 435,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 390,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 450,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased but not decreased) from time to time time, but not less than annually, by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 540,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 590,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the TermEmployment Period, the Executive shall receive a base salary at a rate of $385,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such an annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”) of $215,000.00, payable in accordance with the Company’s normal payroll policies. The Executive’s Annual Base Salary shall be prorated for 2011 and for any other partial year of employment during the Employment Period based upon the portion of the year that the Executive is employed by the Company. The Executive’s Annual Base Salary shall be subject to review for increase in the sole discretion of the Board of Directors (or a committee thereof).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 350,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Upon Executive’s six-month anniversary, the Company will re-evaluate Executive’s base salary according to external market data and performance. Such annual base salary shall be reviewed (and may be adjustedincreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 375,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be propro- US-DOCS\117990849.2 rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary as adjusted from time to time, “Annual Base Salary” at a rate of no less than $385,000 390,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary , The Annual Base Salary shall be reviewed (and may be adjusted) from time to time (but no less than annually) by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it and may be adjusted increased (but not decreased) from time to time, the “Annual Base Salary”)annual rate then in effect.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 335,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a the rate of $385,000 33,333 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed month (and may be adjusted) from time to time by the Board of Directors of the Company or $400,000 on an authorized committee of the Board (in either case, the “Board”annualized basis) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”), subject to withholdings and deductions, which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board from time to time and is subject to such adjustments as determined necessary or appropriate by the Board.

Annual Base Salary. During the Term, The Executive shall receive a base salary at a rate of $385,000 300,000 per annumannum during the first 12 months of the Initial Term, which increased by five percent per annum on each anniversary of the Contract Year during the Term of Employment. In its sole discretion, the Compensation Committee may review the Annual Base Salary with a view toward consideration of merit increases as the Compensation Committee deems appropriate. The Annual Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the customary normal payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”)Company.

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 625,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary Annual Base Salary shall be reviewed (during the Term and may be adjusted) adjusted from time to time (but not reduced, except as contemplated by Section 11(e)(iv)) by the Board of Directors of or the Company or an authorized compensation committee of the Board (in either case, the “BoardCommittee”) (such annual base salary, as it may be adjusted from time to timeso adjusted, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 400,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be adjustedincreased but not decreased) from time to time time, but not less than annually, by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a minimum rate of $385,000 410,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (subject to annual review and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) increase (such annual base salary, as it may be adjusted increased from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 480,000 per annumannum (as increased from time to time, the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employmentCompany. Such annual base salary Annual Base Salary shall be reviewed (and may be adjustedincreased, but not decreased) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a Executive’s annual base salary at a rate the beginning of $385,000 per annum, which the Term of Employment shall be paid $320,000, payable in accordance with the customary Company’s normal payroll practices of the Company and shall be pro-rated for partial years of employmentits executive officers (“Base Salary”). Such annual base salary shall be reviewed (and The Base Salary may be adjusted) increased or decreased from time to time by at the Board of Directors discretion of the Company or an authorized committee Compensation Committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 495,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary shall be reviewed (and may be upwardly adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be upwardly adjusted from time to time, the “Annual Base Salary”).

Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of $385,000 500,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Such annual base salary Annual Base Salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company or an authorized committee of the Board (in either case, the “Board”) (such annual base salary, as it may be adjusted from time to time, the “Annual Base Salary”).