Payout Base Salary

Payout Base Salary. The Executive's annual base salary on the Date of Termination; provided, however, that if the Executive's annual base salary on the date hereof is higher than the Executive's annual base salary on the Date of Termination and the Executive's position has not been diminished between the date hereof and the Date of Termination, then the Payout Base Salary shall be equal to the Executive's annual base salary on the date hereof.