Common use of Base Compensation Clause in Contracts

Base Compensation. a. Effective January 1, 2008, the Bank agrees to pay Executive a base salary at the rate of $280,800 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees Association agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 158,340 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s 's base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 253,000 per year, payable in accordance with customary payroll practices. b. The Board of the Bank shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay Executive a base salary at the rate of $280,800 425,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant. The first such review shall occur no later than December 31, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 42007. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank or an affiliate of the Bank agrees to pay Executive a base salary at the rate of $280,800 312,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank agrees 4.1 The Association agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 155,270.96 per year, payable in accordance with customary payroll practices. b. 4.2 The Board shall review annually the rate of the Executive’s 's base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. 4.3 In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank agrees to pay Executive a base salary at the rate of $280,800 475,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. 4 or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive a base salary at the rate of $280,800 162,740 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem it deems relevant, and may maintain or increase his her salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. All salary reviews will take place in connection with Executive’s annual performance review. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees Association agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 165,000.00 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s 's base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank The Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 127,392 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay Executive a base salary at the rate of $280,800 156,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive his base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 126,000.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 164,400 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his her salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 150,000 per year, payable in accordance with customary payroll practices. b. The Board and the Bank shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 127,392 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 per 120,750.00per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 195,000 per year, payable in accordance with customary payroll practices. b. The Board of the Bank shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank The Company agrees to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 310,500 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 125,000.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 150,000 per year, payable in accordance with customary payroll practices. b. The Board of the Bank shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the initial year of this Agreement a base salary at the rate of $280,800 150,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary at least annually based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 310,500 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 300,000 per year, payable in accordance with customary payroll practices. b. The Board of the Bank shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 152,000.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 80,500 per year, payable in accordance with customary payroll practices. b. The Board Boards shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the (a) The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 390,000.00 per year, payable in accordance with customary payroll practices. b. (b) The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. (c) In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 186,000 per year, payable in accordance with customary payroll practices. b. The Board shall will review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his her salary, provided that no such action shall will reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall will continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay Executive a base salary at the rate of $280,800 171,393 per year, payable in accordance with customary payroll practices. b. The Board Boards of Directors shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the BoardBoards of Directors, Executive shall continue to receive his base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Boards of Directors under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 311,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 109,200 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his her salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 75,000 per year, payable in accordance with customary payroll practices. b. The Board Boards shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank The Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 164,400 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 127,500.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 201,500 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the (a) The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 445,875 per year, payable in accordance with customary payroll practices. b. (b) The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. (c) In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4. The Executive’s salary, as the same maybe modified from time to time, is referred to in this Agreement as the “Base Salary”.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a base salary at the rate of $280,800 202,500 per year, payable in accordance with customary payroll practices. b. The Board Boards shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 346,081 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 69,830 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his her salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive a base salary at the rate of $280,800 175,100 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem it deems relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. All salary reviews will take place in connection with Executive’s annual performance review. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 20082009, the Bank agrees to pay Executive a base salary at the rate of $280,800 225,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem it deems relevant, and may maintain or increase his her salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. All salary reviews will take place in connection with Executive’s annual performance review. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 210,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary at least annually based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 110,000.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 103,950 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 140,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary at least annually based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 206,981 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of the Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, the Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the Bank The Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 103,950 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $280,800 _______________ per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary at least annually based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, The Company and the Bank agrees agree to pay Executive a base salary at the rate of $280,800 112,000 per year, payable in accordance with customary payroll practices. b. The Board shall review annually the rate of Executive’s base salary based upon factors they deem relevant, and may maintain or increase his base salary, provided that no such action shall reduce the rate of base salary below the rate set forth in paragraph a. of this Section 4effect on the Effective Date. c. In the absence of action by the Board, Executive shall continue to receive his base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board under the provisions of this Section 4.

Base Compensation. a. Effective January 1, 2008, the The Bank agrees to pay Executive the Officer during the term of this Agreement a base salary at the rate of $280,800 115,000.00 per year, payable in accordance with customary payroll practices. b. The Board Executive Management Committee of the Bank shall review annually the rate of Executivethe Officer’s base salary based upon factors they deem relevant, and may maintain maintain, increase or increase his decrease the Officer’s base salary, provided that no such action shall reduce the rate of salary below the rate set forth in paragraph a. of this Section 4. c. In the absence of action by the BoardExecutive Management Committee, Executive the Officer shall continue to receive base salary at the annual rate specified in paragraph a. of this Section 4. on the Effective Date or, if another rate has been established under the provisions of this Section 4, the rate last properly established by action of the Board Executive Management Committee under the provisions of this Section 4.