Five-Year Average Base Salary

Five-Year Average Base Salary. The average of Executive's per annum Base Salary (determined without reference to the proviso in section 2.4) payable for the five-year period ending on the last day of the Company's fiscal year immediately preceding the fiscal year of Executive's Termination; provided, however, if Executive had not been employed for the entire five-year period, "Five-Year Average Base Salary" shall mean the average of Executive's per annum Base Salary payable over his actual period of employment