Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00160,919.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00114,100.90, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.0097,333.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00125,080.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00165,747.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.0092,700.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00145,848.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00106,288.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00156,232.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00102,200.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00109,489.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00137,500.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)
Annual Salary Review. In September of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective October 1, at an amount not less than $83,175.00150,223.00, based upon the EMPLOYEE's individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.
Appears in 1 contract
Samples: Employment Agreement (First Federal Bancorp Inc/Oh/)