During the Term, Executive shall receive the following salary, subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company: (i) during calendar year 2017, Executive’s salary shall be $11,250 per month, (ii) during calendar year 2018 and the first quarter of 2019, Executive’s salary shall be $5,625 per month. Executive shall be eligible for “short term incentive” bonus compensation based on the Company’s and Executive’s individual performance during 2016 (which shall be paid in the first quarter of 2017 if applicable), but shall not be entitled to any additional bonus compensation during the remainder of the Term.