Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $215,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to increase as determined by the Board in its sole discretion (the “Annual Base Salary”). The Executive’s Annual Base Salary will be reviewed annually by the Board and the Board may, in its sole discretion, increase the Annual Base Salary considering the Executive’s performance and that of the Company.
Annual Base Salary. During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).
Annual Base Salary. Executive’s base salary shall be $210,000 per year, which amount may be reviewed and increased at the discretion of the Board of Directors of the Company or any committee of the Board of Directors of the Company duly authorized to take such action. Executive’s base salary shall be payable in accordance with the Company’s standard payroll practices and policies for executives and shall be subject to such withholdings as required by law or as otherwise permissible under such practices or policies.
Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $225,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to increase as determined by the Compensation Committee (the "Annual Base Salary").
Annual Base Salary. The Company shall pay the Executive during the Term of this Agreement an annual base salary of One Hundred Twenty Thousand ($120,000) Dollars (less all applicable deductions) (the "Annual Base Salary"), which amount shall be effective as of April 1, 2011. The Executive’s Annual Base Salary shall be payable in equal installments in accordance with the Company’s regular payroll practices. The Annual Base Salary may be increased from time to time by the Board.
Annual Base Salary. Executive shall receive a base salary at the rate of $250,000 per annum (the “Annual Base Salary”), subject to withholdings and deductions and which shall be paid to Executive in accordance with the customary payroll practices and procedures of the Company. Such Annual Base Salary shall be reviewed by the Board’s Compensation Committee not less than annually and may be adjusted from time to time.
Annual Base Salary. For services performed by Executive under this Agreement, Corporation or Bank shall pay Executive an Annual Base Salary during the Employment Period at the rate of $217,500 per year (subject to applicable withholdings and deductions) payable at the same times as salaries are payable to other executive employees of Corporation or Bank. Corporation or Bank may, from time to time, increase Executive's Annual Base Salary, and any and all such increases shall be deemed to constitute amendments to this Section 4(a) to reflect the increased amounts, effective as of the date established for such increases by the Board of Directors of Corporation or Bank or any committee of such Board in the resolutions authorizing such increases.
Annual Base Salary. The Executive shall receive an annual base salary ("Annual Base Salary") of $500,000. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
Annual Base Salary. During calendar year 2005 the Company shall pay to the Executive an annual base salary at the rate of $150,000 per year, less all applicable deductions (the “Base Salary”) for all services rendered by the Executive to the Company. At least annually the Compensation Committee of the Board (the “Committee”) shall review the Executive’s performance and compensation and may increase the Base Salary. The Base Salary shall be payable in equal installments in accordance with the practice of the Company in effect from time to time for the payment of salaries to officers of the Company.
Annual Base Salary. The Executive shall be compensated at an annual base rate of Two Hundred Thirty-Nine Thousand Seven Hundred and No/100 Dollars ($239,700.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Employer at least annually for adjustments, as determined by the Employer based on an evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.
