During the Term, the Bank agrees to pay the Employee a base salary (the “ Base Salary ”) as follows: (i) for the period beginning on the Effective Date and continuing through December 31, 2017, the Base Salary shall be $475,000 per year, and (ii) for the period beginning on January 1, 2018 through the end of the Term, the Base Salary shall be $188,000, in each case payable in accordance with Bank’s normal payroll practices with such payroll deductions and withholdings as are required by law. During the term of this Agreement, it is agreed that Bank/Corporation may not reduce Employee’s base salary in any calendar year unless such reduction is part of a general reduction in compensation among employees of the same or similar category.