Chemical shall pay Executive an annual base salary of one dollar ($1.00) (the “ Base Salary ”), which shall be paid on the first regular pay date after September 1 each year; provided, however, that effective July 1, 2018, Executive’s Base Salary shall be increased to nine hundred and fifty thousand dollars ($950,000), prorated for any partial year, subject to required payroll deductions and tax withholdings, payable in weekly, bi-weekly or semi-monthly installments in accordance with Chemical’s normal payroll practices. Executive’s Base Salary shall be reviewed from time to time by the Board (and no less often than annually) beginning in 2019 and may be increased in the sole discretion of the Compensation Committee of the Board (the “ Compensation Committee ”).