Common use of Annual Salary Review Clause in Contracts

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX and shall be set, effective January l of the following year, at a total amount of not less than $119,400, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX and shall be set, effective January l of the following year, at a total amount of not less than $119,400163,000, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l ___of the following year, at a total amount of not less than $119,400___, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX and shall be set, effective January l of the following year, at a total amount of not less than $119,400230,000, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,400162,000, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,40065,000, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,40085,000, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,400180,000, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,40067,500, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,400150,000, based upon the EMPLOYEE'S ’S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "“ANNUAL REVIEW"”). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.

Annual Salary Review. Each year throughout the TERM, the annual salary and annual bonus of the EMPLOYEE shall be reviewed by the Compensation Committee of the Board of Directors of XXXXXX BANK and shall be set, effective January l of for the following next year, at a total amount of not less than $119,400141,000, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Compensation Committee.