Common use of Base Compensation Clause in Contracts

Base Compensation. a. For his services as , the Bank agrees to pay Executive an annual base salary at the rate of $ per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$113,148, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the (a) The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$151,980, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this Agreement(b) Each year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board of the Bank will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the Bank The Company agrees to pay the Executive an annual base salary at the rate of $ per year, $113,148 payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the (a) The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $164,500 per year, payable in accordance with customary payroll practices. b. During the term of this Agreement(b) Each year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $200,000 per year, payable in accordance with the Bank’s customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as in the Officer Positions, the Bank agrees to pay Executive an annual a base salary at the rate of $ $208,320 per yearannum, payable in accordance with customary payroll practices. b. During the term Term of this 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 remaining term Term of the Agreement.

Base Compensation. a. For his services as , the Bank (a) The Company agrees to pay the Executive an annual base salary at the rate of $ per year, $151,980 payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this Agreement(b) Each year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his her services as in the Officer Positions, the Bank agrees to pay Executive an annual a base salary at the rate of $ $125,000 per yearannum, payable in accordance with customary payroll practices. b. During the term Term of this 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 remaining term Term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual a base salary at the rate of $ $140,000 per year, payable in accordance with customary payroll practicespractices of the Bank. b. During In the term absence of this Agreementaction by the Bank, the Board will review the level of Executive’s Executive shall continue to receive his base salary at least annuallythe annual rate specified on the Effective Date or, based upon factors deemed relevantif another rate has been established, in order to determine Executive’s base salary through the remaining term rate last properly established by action of the AgreementBank.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual a base salary at the rate of $ $160,000 per year, payable in accordance with customary payroll practicespractices of the Bank. b. During In the term absence of this Agreementaction by the Bank, the Board will review the level of Executive’s Executive shall continue to receive his base salary at least annuallythe annual rate specified on the Effective Date or, based upon factors deemed relevantif another rate has been established, in order to determine Executive’s base salary through the remaining term rate last properly established by action of the AgreementBank.

Base Compensation. a. For his services as in the Officer Position, the Bank agrees to pay Executive an annual a base salary at the rate of $ $150,000 per yearannum, payable in accordance with customary payroll practices. b. During the term Term of this 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 remaining term Term of the Agreement.

Base Compensation. a. For his services as Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $135,000 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his her services as Senior Vice-President and Chief Financial Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $130,500 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $185,400 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$265,000, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $175,100 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his her services as in the Officer Positions, the Bank agrees to pay Executive an annual a base salary at the rate of $ $125,000.00 per yearannum, payable in accordance with customary payroll practices. b. During the term Term of this 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 remaining term Term of the Agreement.

Base Compensation. a. For his services as in the Officer Positions, the Bank agrees to pay Executive an annual a base salary at the rate of $ $150,000.00 per yearannum, payable in accordance with customary payroll practices. b. During the term Term of this 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 remaining term Term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $139,392 per year, payable in accordance with customary payroll practicespractices of the Bank. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , The Company and the Bank agrees agree to pay the Executive an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board of the Bank will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$200,000, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his her services as Chief Operating Officer and Treasurer, the Bank agrees to pay Executive an annual base salary at the rate of $ $203,900.00 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $127,000 per year, payable in accordance with customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase her base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $115,000 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $145,000 per year, payable in accordance with customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$96,350, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board of the Bank will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $118,450 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $138,000 per year, payable in accordance with customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as President and Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $185,000.00 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $98,100 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $235,000 per year, payable in accordance with customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the (a) The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$117,300, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this Agreement(b) Each year, the Board of the Bank will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay Executive an annual during the term of this Agreement a base salary at the rate of $ $135,000 per year, payable in accordance with customary payroll practices. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine Executive’s whether to maintain or increase his base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$160,000, payable in accordance with the customary payroll practicespractices of the Bank. Executive may have part of his compensation deferred if he chooses. b. During the term of this AgreementEach year, the Board will review the level of Executive’s 's base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$150,000, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s 's base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as Chief Executive Officer, the Bank agrees to pay Executive an annual base salary at the rate of $ $154,500 per year, payable in accordance with customary payroll practices. b. During the term of this 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 remaining term of the Agreement.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$180,000, payable in accordance with the customary payroll practicespractices of the Bank. b. During the term of this AgreementEach year, the Board will review the level of Executive’s base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s base salary through the remaining term of the Agreementsalary.

Base Compensation. a. For his services as , the The Bank agrees to pay the Executive an annual base salary at the rate of $ per year$150,000, payable in accordance with the customary payroll practicespractices of the Bank. Executive may have part of his compensation deferred if he chooses. b. During the term of this AgreementEach year, the Board will review the level of Executive’s 's base salary at least annuallysalary, based upon factors deemed they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary through the remaining term of the Agreementsalary.