 What is the base salary of Executive?
The Company shall pay Executive an annual base salary of Seven Hundred Thousand Dollars ($700,000) (“ ”), payable in accordance with the general payroll practices of the Company.  The Board will review Executive’s performance and Base Salary annually and may, in its sole discretion, increase Executive’s Base Salary, or decrease it by up to ten percent (10%) if there is a similar salary reduction affecting substantially all executive or managerial employees of the Company.
700,000