Common use of Cash Compensation Clause in Contracts

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him or her a salary at an initial annual rate of FIVE HUNDRED THIRTY FIVE THOUSAND DOLLARS ($535,000.00), payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY SEVENTY FIVE THOUSAND DOLLARS ($535,000.00375,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY SIXTY FIVE THOUSAND DOLLARS ($535,000.00465,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE SIX HUNDRED THIRTY TWENTY- 68243715v4 FIVE THOUSAND DOLLARS ($535,000.00625,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE TWO HUNDRED THIRTY SEVENTY FIVE THOUSAND DOLLARS ($535,000.00275,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE ONE MILLION ONE HUNDRED THIRTY FIVE THOUSAND DOLLARS ($535,000.001,100,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE NINETY EIGHT THOUSAND DOLLARS ($535,000.00498,000), payable in approximately equal installments in accordance with the Bank’s Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE HUNDRED THIRTY FIVE THOUSAND DOLLARS ($535,000.00), payable in approximately equal installments in 68243715v4 accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE HUNDRED THIRTY FIVE FORTY FOUR THOUSAND DOLLARS ($535,000.00544,000), payable in approximately equal installments in accordance with the Bank’s Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00375,000.00), payable in approximately equal installments in accordance with the BankAssociation’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00300,000.00), payable in approximately equal installments in accordance with the BankAssociation’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00$ 400,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE TWO HUNDRED THIRTY FIVE TWELVE THOUSAND DOLLARS ($535,000.00212,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE FIFTY THOUSAND DOLLARS ($535,000.00450,000.00), payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00325,000.00), payable in approximately equal installments in accordance with the BankAssociation’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE SIXTY TWO THOUSAND DOLLARS ($535,000.00462,000), payable in approximately equal installments in accordance with the Bank’s Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00400,000.00), payable in approximately equal installments in accordance with the BankAssociation’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE HUNDRED THIRTY FIVE FORTY FOUR THOUSAND DOLLARS ($535,000.00544,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE NINETY EIGHT THOUSAND DOLLARS ($535,000.00498,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE EIGHT HUNDRED THIRTY TWENTY FIVE THOUSAND DOLLARS ($535,000.00825,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00$ 375,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY FORTY FIVE THOUSAND DOLLARS ($535,000.00345,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE FIFTY THOUSAND DOLLARS ($535,000.00450,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach 68243715v4 of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE HUNDRED THIRTY 68243715v4 FIVE THOUSAND DOLLARS ($535,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE FOUR HUNDRED THIRTY FIVE SIXTY TWO THOUSAND DOLLARS ($535,000.00462,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00305,000.00), payable in approximately equal installments in accordance with the BankAssociation’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE ONE MILLION ONE HUNDRED THIRTY FIVE THOUSAND DOLLARS ($535,000.001,100,000), payable in approximately equal installments in accordance with the Bank’s Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00$ 305,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him or her a salary at an initial annual rate of FIVE NINE HUNDRED THIRTY FIVE SIXTY THOUSAND DOLLARS ($535,000.00960,000.00), payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE NINE HUNDRED THIRTY FIVE SIXTY THOUSAND DOLLARS ($535,000.00960,000.00), payable in approximately equal installments in 68243715v4 accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE EIGHT HUNDRED THIRTY FIVE TEN THOUSAND DOLLARS ($535,000.00810,000), payable in approximately equal installments in accordance with the Bank’s Company's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Association shall pay to him or her a salary at an initial annual rate of FIVE EIGHT HUNDRED THIRTY TWENTY FIVE THOUSAND DOLLARS ($535,000.00825,000), payable in approximately equal installments in accordance with the Bank’s Association's customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s 's annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s 's annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Association for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him or her a salary at an initial annual rate of FIVE SIX HUNDRED THIRTY TWENTY-FIVE THOUSAND DOLLARS ($535,000.00625,000.00), payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY TWENTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00$ 325,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.

Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Bank Company shall pay to him or her a salary at an initial annual rate of FIVE THREE HUNDRED THIRTY FIVE THOUSAND AND NO/100 DOLLARS ($535,000.00$ 300,000.00), payable in approximately equal installments in accordance with the BankCompany’s customary payroll practices for senior officers. At least annually during the Employment Period, the Board shall review the Executive’s annual rate of salary and may, in its discretion, approve an increase therein. In no event shall the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his or her prior written consent and any such reduction in the absence of such consent shall be a material breach of this Agreement. In addition to salary, the Executive may receive other cash compensation from the Bank Company for services hereunder at such times, in such amounts and on such terms and conditions as the Board may determine from time to time.