Common use of Annual Increase Clause in Contracts

Annual Increase. The Board of Directors of Company during the Contract Period shall review annually, or at more frequent intervals which the Board determines is appropriate, the Executive’s compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors. Additional compensation may take any form including but not limited to increases in the annual salary, incentive bonuses and/or bonuses not geared to performance. However, in no event shall the percentage increase in compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey-ALL Items) during the preceding twelve months.

Annual Increase. The Board of Directors of Company during the Contract Period shall review annually, or at more frequent intervals which the Board determines is appropriate, the Executive’s 's compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s 's performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors. Additional compensation may take any form including but not limited to increases in the annual salary, incentive bonuses and/or bonuses not geared to performance. However, in no event shall the percentage increase in compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey-ALL Items) during the preceding twelve months.

Annual Increase. The Board of Directors of Company during During the Contract Period the Board shall ---------------- review annually, or at more frequent intervals which the Board determines is to be appropriate, the Executive’s 's compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s 's performance, the performance of the Company Bank and competitive compensation levels, all as determined in the discretion of the Board of DirectorsBoard. Additional compensation may take any form including but not limited to increases in the annual salary, incentive bonuses and/or bonuses not geared tied to performance. However, in no event shall the percentage increase in annual compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey-ALL Jersey - All Items) during the preceding twelve months.

Annual Increase. The Board of Directors of Company during the Contract Period shall review annually, or at more frequent intervals which the Board determines is appropriate, the Executive’s 's compensation and shall award him additional compensation to reflect the impact of inflation, the Executive’s 's performance, ,. the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors. Additional compensation may take any form including but not limited to increases in the annual salary, incentive bonuses and/or bonuses not geared to performance. However, in no event shall the percentage increase in annual compensation be less than the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (New York and Northern New Jersey-ALL Jersey - All Items) during the preceding twelve months.