As compensation for Executive’s performance of Executive’s duties hereunder, Company shall pay to Executive a Base Salary of two hundred and ninety thousand ($290,000.00) per year, payable in accordance with the normal payroll practices of Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. In the event Executive’s employment under this Agreement is terminated by either party, for any reason, Executive will be entitled to Executive’s then in effect Base Salary prorated to the date of termination.