Executive’s initial base salary as of the Effective Date is $875,000. The initial base salary and any increase is defined as the “ Base Salary .” The Base Salary is paid in accordance with the Company’s normal payroll practices, but not less frequently than monthly and subject to applicable taxes and withholding. Executive’s Base Salary shall be subject to annual review by the Board (or a committee thereof), and may be increased, but not decreased below its then current level, from time to time by the Board.