Common use of Compensation Benefits and Reimbursement Clause in Contracts

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than $80,000.00 per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement).

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than $80,000.00 90,731.56 per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement).

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 22(b). The Bank shall pay Executive as compensation a salary of not less than $80,000.00 118,000 per year (“"Base Salary”"). Such Base Salary shall be payable biweekly, or in accordance with such other frequency as officers and employees are generally paidthe customary payroll practices of the Bank. During the period of this Agreement, Executive’s 's Base Salary shall be reviewed at least annually. Such review shall may be conducted by a the compensation committee (the "Committee") designated by the Board, Board and the Bank Board may increase, but not decrease Executive's Base Salary (except for a decrease that is not in excess of any decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes employees of this Agreementthe Bank).

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties and responsibilities described in Section 21. The Bank shall pay Executive as compensation a salary of not less than $80,000.00 194,000 per year (“Base Salary”). Such Base Salary shall be payable biweekly, or in accordance with such other frequency as officers and employees are generally paidthe customary payroll practices of the Bank. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall may be conducted by a the compensation committee (the “Committee”) designated by the Board, Board and the Bank Board may increase, but not decrease decrease, Executive’s Base Salary (except for a decrease that is not in excess of any decrease that is generally applicable to all employees) Executive’s Base Salary (with any employees of the Bank). Any increase in Base Salary to shall become “the Base Salary” Salary for purposes of this Agreement).

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than $80,000.00 140,080.00 per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement).