Employee shall be paid at a rate which, on an annualized basis, equals two hundred seventy four thousand dollars ($274,000) per year, as adjusted pursuant to this Section 4.1 (“ Base Salary ”).   The Base Salary shall be subject to normal payroll withholdings and RBT’s standard payroll practices. For each Contract Year after the initial Contract Year, Employee’s Base Salary shall be subject to increase as determined by the Board in its discretion.