 How often is the Executive's base salary increased?
Effective July 1, 2017, the Executive will be paid a base salary at an annualized rate of $300,000 (the “ Base Salary ”). During the Term, the Executive’s salary may be increased on an annual basis by the Board in its discretion based on the Executive’s performance. The Base Salary shall be paid to Executive in accordance with the Company’s normal and customary payroll practices as in effect from time to time and shall be subject to all applicable withholdings and deductions.
annual