Common use of Base Compensation Clause in Contracts

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The For his services as , the Bank agrees to pay the Executive an annual base salary at the rate of $113,148$ per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148$ per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank Company agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148$ per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. (a) The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148164,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. (a) The Bank agrees to pay the Executive an annual base salary of $113,148151,980, payable in accordance with the customary payroll practices of the Bank. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. (a) The Bank Company agrees to pay the Executive an annual base salary of $113,148, 151,980 payable in accordance with the customary payroll practices of the Bank. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank For his services as President and Chief Executive Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148110,000 per year, payable in accordance with the customary payroll practices of practices. Following October 1, 2007, the BankBoard shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank For his services as , the Company agrees to pay the Executive an annual base salary at the rate of $113,148$ per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services in the Officer Positions, the Bank agrees to pay the Executive an annual a base salary at the rate of $113,148208,320 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The Bank Company agrees to pay the Executive an annual base salary of $113,148, 113,148 payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. (a) The Bank Company agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148164,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148200,000 per year, payable in accordance with the Bank’s customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148110,000 per year, payable in accordance with the customary payroll practices of practices. Following October 1, 2007, the BankBoard shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services as [position], the Bank agrees to pay the Executive an annual base salary at the rate of $113,148[amount] per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank For his services as [position], the Company agrees to pay the Executive an annual base salary at the rate of $113,148[amount] per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148$ , payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The For her services in the Officer Positions, the Bank agrees to pay the Executive an annual a base salary at the rate of $113,148125,000.00 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148135,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. (a) The Bank Company agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148277,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148265,000, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148175,100 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For her services as Chief Operating Officer and Treasurer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148203,900.00 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services in the Officer Positions, the Bank agrees to pay the Executive an annual a base salary at the rate of $113,148150,000.00 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148185,000.00 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148118,450 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148150,000, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary.

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148185,400 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148135,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148160,000, payable in accordance with the customary payroll practices of the Bank. Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,14896,350, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank For his services as Chief Executive Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148185,400 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148138,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank For his services as Chief Executive Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148154,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148154,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank Company agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148145,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148145,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. (a) The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148277,500 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148127,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s her base salary.

Base Compensation. a. The For his services in the Officer Position, the Bank agrees to pay the Executive an annual a base salary at the rate of $113,148150,000 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148139,392 per year, payable in accordance with the customary payroll practices of the BankCompany. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148305,351.00 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank For his services in the Officer Position, the Company agrees to pay the Executive an annual a base salary at the rate of $113,148150,000 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148115,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay the Executive an annual a base salary at the rate of $113,148160,000 per year, payable in accordance with the customary payroll practices of the Bank. b. Each yearIn the absence of action by the Bank, Executive shall continue to receive his base salary at the annual rate specified on the Effective Date or, if another rate has been established, the Board will review rate last properly established by action of the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salaryBank.

Base Compensation. a. The Company and the Bank agrees agree to pay the Executive an annual base salary of $113,148$ , payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148235,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,14895,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank For his services as Chief Executive Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148175,100 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. (a) The Bank agrees to pay the Executive an annual base salary of $113,148117,300, payable in accordance with the customary payroll practices of the Bank. b. (b) Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148180,000, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148150,000, payable in accordance with the customary payroll practices of the Bank. Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s 's base salary.

Base Compensation. a. (a) The Bank agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148300,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,148116,820 per year, payable in accordance with the customary payroll practices of the Bank. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,14898,100 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay the Executive an annual base salary at the rate of $113,14897,850 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank Company agrees to pay Executive during the Executive an annual term of this Agreement a base salary at the rate of $113,148235,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s his base salary.

Base Compensation. a. The Bank For his services in the Officer Positions, the Company agrees to pay the Executive an annual a base salary at the rate of $113,148150,000 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The Bank For his services as _________, the Company agrees to pay the Executive an annual base salary at the rate of $113,148_________ per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148200,000, payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay the Executive an annual base salary at the rate of $113,148115,000 per year, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining term of the Agreement.

Base Compensation. a. The For her services in the Officer Positions, the Bank agrees to pay the Executive an annual a base salary at the rate of $113,148125,000 per annum, payable in accordance with the customary payroll practices of the Bankpractices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase Executive’s base salarysalary through the remaining Term of the Agreement.

Base Compensation. a. The Bank agrees to pay the Executive an annual a base salary at the rate of $113,148140,000 per year, payable in accordance with the customary payroll practices of the Bank. b. Each yearIn the absence of action by the Bank, Executive shall continue to receive his base salary at the annual rate specified on the Effective Date or, if another rate has been established, the Board will review rate last properly established by action of the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salaryBank.

Base Compensation. a. The Bank Company agrees to pay the Executive an annual base salary of $113,148$ , payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.

Base Compensation. a. The Bank agrees to pay the Executive an annual base salary of $113,148$ , payable in accordance with the customary payroll practices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase Executive’s base salary.