During the Term, the Company will pay you an annualized base salary (“ Annual Base Salary ”) at a rate of not less than $775,000, payable in regular installments in accordance with the Company’s customary payroll practices. During the Term, the Annual Base Salary shall be reviewed by the Compensation Committee of Forest City (the “ Compensation Committee ”), and adjusted, based upon your performance and the Forest City Group’s performance and competitive with industry standards.