Common use of Base Compensation Clause in Contracts

Base Compensation. During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Position, the Company shall agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 208,320 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During a. The Company agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum, 113,148 payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During (a) The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum151,980, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. (b) Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall agrees to pay to Executive a base salary at an annual rate of $1,500,000 (the “Base SalaryCompensation”) of $350,000 per annum, ). Such salary shall be payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary standard payroll procedures of the Company and shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committeesubject to annual review beginning in April 2004.

Base Compensation. During the time that (a) The Company agrees to pay Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly a base salary at the discretion rate of $164,500 per year, payable in accordance with customary payroll practices. (b) Each year, the Compensation CommitteeBoard will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Base Compensation. During (a) The Company agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum, 151,980 payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. (b) Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as , the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 $ per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as President and Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 110,000 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by Following October 1, 2007, the Board of Directors’ Compensation Committee during shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall Bank agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 208,320 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary of four hundred thousand dollars (the “Base Salary”) of $350,000 per annum400,000), prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that a. For his services as President and Chief Executive is an employee of the CompanyOfficer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 110,000 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by Following October 1, 2007, the Board of Directors’ Compensation Committee during shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as [position], the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 [amount] per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 XXX,XXX per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Base Compensation. During a. The Company agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum$ , payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During a. For her services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 125,000.00 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as President and Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 185,000.00 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer and Chief Financial Officer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 118,450 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. The Company agrees to pay Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly a base salary at the discretion rate of $145,000 per year, payable in accordance with customary payroll practices. b. Each year, the Compensation CommitteeBoard will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 175,100 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 150,000 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During a. For her services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall Bank agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 125,000 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 154,500 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 230,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 135,000 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as _________, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 _________ per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Position, the Company shall agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 150,000 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. The Company agrees to pay Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly a base salary at the discretion rate of $138,000 per year, payable in accordance with customary payroll practices. b. Each year, the Compensation CommitteeBoard will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 185,400 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee Effective as of the CompanyEffective Date, the Company shall will pay to Executive a base salary (at the “Base Salary”) annual rate of $350,000 per annum294,000, payable in regular installments in accordance with the Company’s usual payment normal payroll practices. The Company will review Executive’s annual base salary in good faith at least annually and will not decrease Executive’s annual base salary. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeSalary.”

Base Compensation. During the time that a. For his services as President and Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 305,351.00 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that (a) The Company agrees to pay Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly a base salary at the discretion rate of $277,500 per year, payable in accordance with customary payroll practices. (b) Each year, the Compensation CommitteeBoard will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum265,000, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 98,100 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall Bank agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 150,000.00 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary of four hundred seventy-five thousand dollars (the “Base Salary”) of $350,000 per annum475,000), prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary (the “Base Salary”) of $350,000 per annum415,000 Dollars, prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as President and Chief Operating Officer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 116,820 per annumyear, payable in regular installments in accordance with customary payroll practices of the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during Bank. b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For his services as Chief Executive Officer and Chief Financial Officer, the time that Company agrees to pay Executive is an employee annual base salary at the rate of $139,392 per year, payable in accordance with customary payroll practices of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum96,350, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board of Directors’ Compensation Committee during the term Bank will review the level of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 285,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 154,500 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer and Chief Financial Officer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 115,000 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. For her services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 125,000 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary (the “Base Salary”) of $350,000 per annum420,000 Dollars, prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum160,000, payable in regular installments in accordance with the Company’s usual payment practicescustomary payroll practices of the Bank. The Base Salary shall be reviewed by Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive's base salary.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as President and Chief Operating Officer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 95,000 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 175,100 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum180,000, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum150,000, payable in regular installments in accordance with the Company’s usual payment practicescustomary payroll practices of the Bank. The Base Salary shall be reviewed by Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive's base salary.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary of three hundred sixty five thousand dollars (the “Base Salary”) of $350,000 per annum365,000), prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that a. For his services as Chief Executive is an employee of the CompanyOfficer, the Company shall agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 185,400 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary (the “Base Salary”) of $350,000 per annum347,548, prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary (the “Base Salary”) of $350,000 per annum435,000 Dollars, prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During (a) The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum117,300, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. (b) Each year, the Board of Directors’ Compensation Committee during the term Bank will review the level of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During the time that Executive is an employee of the Companya. For his services as President and Chief Operating Officer, the Company shall Bank agrees to pay to Executive a an annual base salary (at the “Base Salary”) rate of $350,000 97,850 per annumyear, payable in regular installments in accordance with the Company’s usual payment customary payroll practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during . b. During the term of this Agreement and adjusted accordingly Agreement, the Board will review the level of Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the discretion remaining term of the Compensation CommitteeAgreement.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary of three hundred and fifty thousand dollars (the “Base Salary”) of $350,000 per annum350,000), prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 250,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

Base Compensation. During a. For his services in the time that Executive is an employee of the CompanyOfficer Position, the Company shall Bank agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 150,000 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum150,000, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive's base salary.

Base Compensation. During the time that a. The Company agrees to pay Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $350,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly a base salary at the discretion rate of $235,000 per year, payable in accordance with customary payroll practices. b. Each year, the Compensation CommitteeBoard will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Base Compensation. During the time that Executive is an employee of the Company, the The Company shall pay to Executive a an annual base salary (the “Base Salary”) of $350,000 per annum440,000 Dollars, prorated for any partial employment period and payable in regular equal monthly installments in accordance with the Company’s usual payment practicespayroll schedule. The Base Salary shall be reviewed by Compensation Committee of the Board shall annually review the then-current level of Directors’ Compensation Committee during Executive’s base salary (for increase only) to determine the term amount, if any, of this Agreement and adjusted accordingly at the discretion of the Compensation Committeechange to such salary.

Base Compensation. During the time that Executive is an employee Effective as of the CompanyEffective Date, the Company shall will pay to Executive a base salary (at the “Base Salary”) annual rate of $350,000 per annum280,000, payable in regular installments in accordance with the Company’s usual payment normal payroll practices. The Company will review Executive’s annual base salary in good faith at least annually and will not decrease Executive’s annual base salary. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeSalary.”

Base Compensation. During a. The Bank agrees to pay the time that Executive is an employee of the Company, the Company shall pay to Executive a annual base salary (the “Base Salary”) of $350,000 per annum200,000, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by customary payroll practices of the Bank. b. Each year, the Board will review the level of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation CommitteeExecutive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. During a. For her services in the time that Executive is an employee of the CompanyOfficer Positions, the Company shall Bank agrees to pay to Executive a base salary (at the “Base Salary”) rate of $350,000 125,000.00 per annum, payable in regular installments in accordance with customary payroll practices. b. During the Company’s usual payment practices. The Base Salary shall be reviewed by Term of this Agreement, the Board will review the level of Directors’ Compensation Committee during Executive’s base salary at least annually, based upon factors deemed relevant, in order to determine Executive’s base salary through the term of this Agreement and adjusted accordingly at the discretion remaining Term of the Compensation CommitteeAgreement.