1Salary. The Company shall compensate and pay Executive a salary for Executive’s services at a rate equivalent to $470,000 per year (“Base Salary”), less payroll deductions and all required tax withholdings, which Base Salary shall be payable in accordance with the Company’s customary payroll practices applicable to its executives. Executive shall be entitled to such increases in the Base Salary, if any, as may be determined from time to time in the discretion of the Compensation Committee (the “Compensation Committee”) of the Board.
1Salary. Beginning as of the Agreement Effective Date, Employer will pay to Executive an annual base salary of $430,000, payable subject to standard federal and state payroll withholding requirements in accordance with the regular payroll practices of Employer (“Base Salary”). The annual Base Salary may be increased (but not decreased without written consent of Executive) during the term of this Employment Agreement by the Board in its sole discretion.
1Salary. Executive shall receive a base salary (the “Base Salary”) payable in substantially equal installments in accordance with the Company’s normal payroll practices and procedures in effect from time to time and subject to applicable withholdings and deductions. Executive’s starting Base Salary shall be at the annual rate of $800,000.
1Salary. For services to be rendered hereunder, Executive shall receive a base salary at the rate of four hundred thousand dollars ($400,000.00) per year (the “Base Salary”), subject to standard payroll deductions and withholdings and payable in accordance with the Company’s regular payroll schedule. As an exempt salaried employee, Executive will be required to work the Company’s normal business hours, and such additional time as appropriate for Executive’s work assignments and position, and Executive will not be entitled to overtime compensation.
1Salary. Executive shall receive an annualized base salary of $480,000, subject to review and increase (but not decrease) from time to time by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company’s standard payroll practices (the “Base Salary”).
1Salary. Executive shall receive for Executive's services to be rendered under this Agreement a current base salary of $464,000 (four-hundred-and-sixty-four-thousand dollars) on an annualized basis, subject to review and adjustment by the Company in its sole discretion, payable subject to standard federal and state payroll withholding requirements in accordance with the Company's standard payroll practices ("Base Salary").
1Salary. The Company will pay Employee a gross salary of not less than USD $2.2 million per fiscal year during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees.
1Salary. The Executive shall receive a salary at an annual rate of $204,299 which will be paid in accordance with the Company’s and the Bank’s normal payroll procedures including applicable adjustments for withholding taxes. The Executive shall receive such annual increases in salary, if any, as may be determined by the Company’s Board of Directors annual review of the Executive’s compensation each year during the term of this Agreement. Participation in deferred compensation, discretionary or performance bonus, retirement, stock option and other employee benefit plans and in fringe benefits shall not reduce the annual rate.
1Salary. The Company shall pay the Executive compensation at the annual rate of $500,000 (the “Salary”) during the Term, which may be adjusted from time to time in such amounts as the Company may, in its reasonable discretion, deem to be appropriate, payable in installments consistent with the Company’s normal payroll schedule, subject to applicable withholding and other taxes.
1Salary. The Executive shall receive a salary at an annual rate of three hundred forty thousand dollars ($340,000) which will be paid ratably in accordance with the Bank’s normal payroll procedures including applicable deductions for withholding taxes and employee benefits. The Executive shall receive such annual increases in salary, if any, as may be determined by the Bank’s Board of Directors’ annual review of the Executive’s compensation each year during the term of this Agreement. Participation in deferred compensation, discretionary or performance bonus, retirement, stock option and other employee benefit plans and in fringe benefits shall not reduce the annual rate except to the extent the terms of such plans call for the payment or deferral of amounts deducted in accordance with the Company’s standard payroll practices. In connection with and in addition to the annual compensation, bonuses and benefits described in this paragraph and in Section 3.2 and 3.3 below, the Bank agrees to pay Executive, a one-time signing bonus of $25,000, payable in accordance with the Bank’s normal payroll procedures including applicable adjustments for withholding taxes, at the conclusion of the first pay period of Executive’s employment with the Bank following the Start Date. This signing bonus includes moving allowance consideration and is only payable to Executive once.
