Base Salary. As of ​ Effective Date, ​ agrees to pay Employee an annualized base salary of ​ (​ “Base Salary”), which Base Salary will be earned by Employee on a pro rata basis as Employee performs services and which shall be paid according to ​’s normal payroll practices. Employee shall be eligible for a merit-based increase of ​ Base Salary payable under this [Section 4.1] on or about ​ and on or about July 1 of each year during ​ Term thereafter, with any adjustment to Employee’s Base Salary subject to approval by ​ Board.

Base Salary. As ofDuring ​ Effective Date,first calendar year of employment, ​ agrees toshall pay Employee an annualized​ Executive a base salary of ​ (​ “Base Salary”), which Base Salary will be earned by Employee on a pro rata basis as Employee performs services and which shall be paid according to ​’s normal payroll practices. Employee shall be eligible for a merit-based increase of payable monthly in arrears. ​ Base Salary payable under this [Section 4.1] on or aboutshall be ​ and onper month subject to annual review commencing ​, or about July 1review after any transformative change involving more than 25% of each year during ​ Term thereafter, with any adjustment to Employee’s Base Salary subject to approval bythen current market capitalization of organization" data-ad-field-json='{"name":"Organization A","type":"organization","canGuess":{"name":false,"type":false}}'>​ Board.Organization_.

Base Salary. As of ​ Effective Date, ​ agreesThe Company shall pay to pay Employee an annualized base salary of ​ (​(the “Base Salary”), which beginning on the effective date of this Agreement, less such deductions as are required by law or that Employee may elect in accordance with Company policy and procedure, payable in equal periodic installments in accordance with the Company’s customary payroll practices, but no less frequently than monthly. The Base Salary will be earned by Employee on a pro rata basis as Employee performs services and which shall be paid according to ​’s normal payroll practices. Employeeprorated for any partial year of employment on the basis of a 365-day year. The Base Salary shall be eligible for a merit-based increasereviewed at least annually by the Company’s Board of ​ Base Salary payable under this [Section 4.1] on or about ​Directors (the “Board”) and on or about July 1 of each year during ​ Term thereafter,may change at the Board’s sole and absolute discretion in consultation with any adjustment to Employee’s Base Salary subject to approval by ​ Board.the CEO.