Annual Base Salary. During the Term, Executive shall receive a base salary at a rate of Two Hundred Twenty Thousand Dollars ($220,000) per annum (the “Annual Base Salary”), which shall be paid in accordance with the customary payroll practices of the Company. Such Annual Base Salary shall be reviewed (and may be adjusted) from time to time by the Board of Directors of the Company (the “Board”).
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. The Executive's annual base salary shall be $150,000 per calendar year. Executive's base salary shall be reviewed annually by the Compensation Committee. Such annual base salary shall be payable on a pro rata basis, in twenty-six (26) equal installments, in accordance with the Company's normal payroll procedures.
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, the Bank shall pay Executive an Annual Base Salary during the Employment Period at the rate of $___________ per year, minus applicable withholdings and deductions, payable at the same times as salaries are payable to other executive employees of the Bank. The Bank may increase Executive’s Annual Base Salary, and any and all such increases shall be deemed to constitute amendments to this Section 5(a) to reflect the increased amounts, effective as of the date established for such increases by the Board of Directors of the 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 Three Hundred Thirty-Five Thousand Dollars ($335,000) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be reviewed by the Board of Directors at least annually for adjustments, as determined by the Board of Directors based on its evaluation of the Executive’s performance. The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices.
