Common use of Base Compensation Clause in Contracts

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)

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Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Employment Agreement (North Arkansas Bancshares Inc), Employment Agreement (North Arkansas Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 80,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Frankfort First Bancorp Inc, Kentucky First Federal Bancorp

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 81,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Kentucky First Federal Bancorp, Frankfort First Bancorp Inc

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 76,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3decide.

Appears in 2 contracts

Samples: Employment Agreement (1855 Bancorp), Employment Agreement (Sandwich Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- ------------------ term of this Agreement a salary at the rate of $__________ 86,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 2 contracts

Samples: Employment Agreement (Roebling Financial Corp Inc), Roebling Bank (Roebling Financial Corp, Inc.)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 48,033 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Frankfort First Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 185,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Employment Agreement (Sandwich Bancorp Inc), Employment Agreement (1855 Bancorp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 76,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Employment Agreement (1855 Bancorp), Employment Agreement (Sandwich Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 72,885 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Frankfort First Bancorp Inc, Kentucky First Federal Bancorp

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $______________ per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 2 contracts

Samples: Employment Agreement (Newsouth Bancorp Inc), Employment Agreement (First South Bancorp Inc /Va/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ at least $ per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 2 contracts

Samples: Employment Agreement (Thistle Group Holdings Co), Employment Agreement (Thistle Group Holdings Co)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 95,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his her salary. 3The Board's review must be documented in the Board's minutes.

Appears in 1 contract

Samples: Tucker Federal (Eagle Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 150,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 45,000.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Guthrie Savings Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ [ ] per annum, payable in cash not less frequently than monthly. The Board of the Bank shall review, not less often than annually, the rate of the Employee's salary, salary and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 180,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3Such review shall be documented in the Board's minutes.

Appears in 1 contract

Samples: Tucker Federal (Eagle Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 114,500 per annumannum (as of June 1, 2008), payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Roebling Financial Corp, Inc.)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 30,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Missouri Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 32,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Missouri Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 117,600 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement agreement a salary at the rate of $__________ 88,200 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his his/her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement compensation in the form of a salary at the rate of $__________ 150,000.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (PHS Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- ------------------- term of this Agreement a salary at the rate of $__________ $ per annum, payable in -------- cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (WHG Bancshares Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 210,000 (as of July 17, 2006) per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 272,000 gross per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salarysalary and, and in its sole discretion discretion, may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Citizens Community Bancorp Inc.)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 42m per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Illinois Community Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 100,000.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Northern Star Financial Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ $ 90,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 138,258 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 28,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Missouri Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 123,700 (as of September 11, 2008) per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term ------------------ of this Agreement agreement a salary at the rate of $__________ 103,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his his/her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 95,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term ------------------ of this Agreement a salary at the rate of $__________ 51,420 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 76,400 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Kentucky First Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 179,600 per annum, payable in cash not less frequently than monthlyon the Bank’s regular pay frequency. The Board Bank shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Iberiabank Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 73,614 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Security Federal Savings (SFB Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 110,164 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 78,500 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (Hopfed Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 45,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Missouri Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 80,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 150,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Afsala Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 347,900 per annum, payable in cash not less frequently than monthlyon the Bank’s regular pay frequency. The Board Bank shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Iberiabank Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 55,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Cumberland Mountain Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 125,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 203,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 150,000 gross per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salarysalary and, and in its sole discretion discretion, may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Citizens Community Bancorp Inc.)

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Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 111,000 (as of September 11, 2008) per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 116,000.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Beckley Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 175,000 per annum, payable in cash not less frequently than monthly. The Board of Directors shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase adjust his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Patapsco Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 200,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Little Falls Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 112,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 85,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 120,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (WHG Bancshares Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ $ 145,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement compensation in the form of a salary at the rate of $__________ 176,550 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (PHSB Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 125,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Southfirst Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 77,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement agreement a salary at the rate of $__________ 78,800 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his his/her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum200,000 for the first year and $215,000 for the second year and $225,000 for the third year, payable in cash not less frequently than monthlyin accordance with the Bank's payroll procedures. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Flagstar Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 175,000 gross per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary’s salary and, and in its sole discretion discretion, may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Citizens Community Bancorp Inc.)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 95,000 per annum, payable in cash not less frequently than monthly. The Bank's Board of Directors shall reviewreview the Employee's salary, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (Glen Burnie Bancorp)

Base Compensation. The Bank agrees to pay the Employee during the term ----------------- term of this Agreement a salary at the rate of $__________ 73,500 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (Frankfort First Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term ------------------ of this Agreement a salary at the rate of $__________ 142,100 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (Tri County Financial Corp /Md/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 80,000 per annum, payable in cash not less frequently than monthly. The Board ; provided, that the rate of such salary shall review, be reviewed by the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3decide.

Appears in 1 contract

Samples: Employment Agreement (CFSB Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 142,100 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Tri County Financial Corp /Md/)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 65,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of ------------------ this Agreement a salary at the rate of $__________ 100,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (Ez Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 130,000 per annumannum (as of September 1, 2008), payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Roebling Financial Corp, Inc.)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a the base salary at in effect on the rate of $__________ per annumEffective Date, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Agreement (1st State Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 38,400.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Guthrie Savings Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 60,900.00 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Guthrie Savings Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 140,000 (as of September 11, 2008) per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's ’s salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 60,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ $ 80,000 per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Landmark Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his her salary. 3.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ $ per annum, payable in cash not less frequently than monthly. The ; provided, that the rate of such salary shall be reviewed by the Board shall review, of Directors not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the rate Board of the Employee's salary, and Directors in its sole discretion may decide to increase his salary. 3at such time.

Appears in 1 contract

Samples: Employment Agreement (Virginia Beach Federal Financial Corp)

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $__________ 75,000 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary, and in its sole discretion may decide to increase his salary. 3.

Appears in 1 contract

Samples: Northfield Federal Savings (Northfield Bancorp Inc)

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