During the Employment Period, the Executive shall receive a gross salary at the rate of USD 515,400 per year (“ Base Salary ”), less normal withholdings, payable in 26 equal installments as are or become customary under the Company’s payroll practices for its employees from time to time. The Compensation Committee of the Board of Directors of the Company (the “ Compensation Committee ”) shall review the Executive’s Base Salary annually during the Employment Period, the first review becoming effective as from January 2020. Any adjustments to the Executive’s annual base salary shall become the Executive’s Base Salary for purposes of this Agreement.