BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00), 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Meetinghouse Bancorp, Inc.), Employment Agreement (Meetinghouse Bancorp, Inc.), Employment Agreement (Meetinghouse Bancorp, Inc.)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)250,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)225,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased or decreased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)270,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)450,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)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, the Company shall review and, in its sole discretion, may increase, adjust Executive’s Base Salary. If Executive’s Base Salary is increased adjusted by the Company, such increased adjusted Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Ecb Bancorp Inc), Employment Agreement (Ecb Bancorp Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)235,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Square 1 Financial Inc), Employment Agreement (Square 1 Financial Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)180,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)$ , 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
Appears in 1 contract
Samples: Executive Officer Employment Agreement (ASB Bancorp Inc)
BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)185,004, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)165,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)280,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)140,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)155,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)220,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)163,000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)325,000, 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, the Company shall review and, in its sole discretion, may increase, adjust Executive’s Base Salary. If Executive’s Base Salary is increased adjusted by the Company, such increased adjusted Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual a Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)330.000, 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, the Company shall review and, in its sole discretion, may increase, Executive’s Base Salary. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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BASE SALARY; INCENTIVE COMPENSATION. (a) Executive shall receive an annual Base Salary at the rate of one hundred ninety-three dollars ($193,000.00)135,000, 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, the Company Bank shall review and, in its sole discretion, may increaseadjust, Executive’s Base Salary. If Executive’s Base Salary is increased adjusted by the CompanyBank, such increased the new Base Salary shall then constitute the Base Salary for all purposes of this Agreement.
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