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 $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.

Base Compensation. The Bank agrees to pay the Employee during the ------------------ term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the ------------------ term of this Agreement a salary at the rate of $48,033 92,000 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 salaryat such time.

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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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 salarydecide.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 185,000 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.

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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 125,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of ------------------ this Agreement a salary at the rate of $48,033 100,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 130,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

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 ; 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term ------------------ of this Agreement agreement a salary at the rate of $48,033 103,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 100,000.00 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 175,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 $ 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 $ 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

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 $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 $ 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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. The Board's review must be documented in the Board's minutes.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 123,700 (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.

Base Compensation. The Bank agrees to pay the Employee during the term ------------------ of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 125,000 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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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 salarydecide.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 142,100 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 116,000.00 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 200,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term ------------------ of this Agreement a salary at the rate of $48,033 142,100 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

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 $48,033 176,550 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 salaryat such time.

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 ; 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 112,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 114,500 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 97,800 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 salary.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 117,600 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 150,000 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.

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 $48,033 150,000.00 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 111,000 (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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 203,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 272,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 110,164 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 salaryat such time.

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 her salary.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 140,000 (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.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement agreement a salary at the rate of $48,033 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.

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 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 180,000 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. Such review shall be documented in the Board's minutes.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 150,000 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 210,000 (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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 150,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 120,000 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 138,258 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $48,033 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.

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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 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.

Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $48,033 175,000 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.

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 ; 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 salaryat such time.

Base Compensation. The Bank agrees to pay the Employee during the term ----------------- of this Agreement a salary at the rate of $48,033 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.