Common use of BASE SALARY; INCENTIVE COMPENSATION Clause in Contracts

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust Executive’s Base Salary. If Executive’s Base Salary is adjusted by Company, such adjusted Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of $215,000330.000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000325,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust Executive’s Base Salary. If Executive’s Base Salary is adjusted by Company, such adjusted Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000135,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company the Bank shall review and, in its sole discretion, may adjust adjust, Executive’s Base Salary. If Executive’s Base Salary is adjusted by Companythe Bank, such adjusted the new Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Bank and the Company on the same terms as other senior officersofficers of the Bank. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000280,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000165,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000140,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of $215,000155,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000$ , payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall will be eligible entitled to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of $215,000185,004, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of $215,000180,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of $215,000163,000, payable in substantially equal installments no less frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). At least annually, Company shall review and, in its sole discretion, may adjust increase, Executive’s Base Salary. If Executive’s Base Salary is adjusted increased by Company, such adjusted increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. (b) Executive shall be eligible to participate in any incentive compensation, bonus plans or arrangements of the Company on the same terms as other senior officers. Nothing paid to Executive under any such plans or arrangements will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.