During the Term, the Company shall pay Executive an annual base salary (“Base Salary”) in the amount of One Hundred Seventy Thousand Seven Hundred Fifty and 00/100 Dollars ($170,750.00), less required withholdings and authorized deductions, pro-rated during the Term of this Agreement and payable in equal bi-monthly installments pursuant to the Company’s regular payroll practices; provided, however, that in the event this Agreement is terminated before twelve (12) months from the Employment Status Change Date, or before any agreed extension of the Term beyond such twelve months, for any of the reasons set forth in below, the Company will have no obligation to continue making any further such payments to Executive.