Common use of CASH AND OTHER COMPENSATION Clause in Contracts

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer shall pay to him a salary of one hundred fifty thousand dollars ($150,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him her a salary of one two hundred fifty sixty seven thousand dollars ($150,000267,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one six hundred fifty thirty-two thousand and four hundred dollars ($150,000632,400) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Company's and the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Company Board and the Board of Directors of the Bank (the “Bank Board”) (collectively the "Boards") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of the Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s Employers' performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive OfficerCommittees thereof. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one four hundred fifty thirty thousand dollars ($150,000430,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank Employers (the “Bank BoardCommittee”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (provided that the initial review may be deferred until the Executive’s regular review for the period beginning April 1, 2010), and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar similarly situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board Committee may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty sixty thousand dollars ($150,000260,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, provided that the initial review may be deferred until the Executive’s regular review for the period beginning April 1, 2010, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him her a salary of one two hundred fifty and thirty thousand dollars ($150,000230,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) or the Compensation Committee thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Bank Board or the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty twelve thousand dollars ($150,000200,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (except the first annual review shall be scheduled to take place in January 2007), and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of two hundred thirty-eight thousand one hundred fifty thousand sixty dollars ($150,000238,160) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of three hundred sixty four thousand one hundred fifty thousand and thirty dollars ($150,000364,130) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Board of Directors of the Company (the “Company Board”) and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty sixty five thousand dollars ($150,000265,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty eight thousand dollars ($150,000208,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer shall pay to him a salary of one hundred and fifty thousand dollars ($150,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) or the Compensation Committee thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Bank Board or the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one four hundred fifty thirty thousand dollars ($150,000430,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank Employers (the “Bank BoardCommittee”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (provided that the initial review may be deferred until the Executive’s regular review for the period beginning April 1, 2010), and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar similarly situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board Committee may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one seven hundred fifty fifteen thousand dollars ($150,000715,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Company's and the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified tax‑qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Company Board and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of the Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s Employers' performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation Committees of the Chief Executive OfficerEmployers. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty twelve thousand dollars ($150,000212,000) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (except the first annual review shall be scheduled to take place in January 2005), and may, in its discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s 's performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him a salary of one three hundred fifty seventy thousand dollars ($150,000370,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Board of Directors of the Company (the “Company Board”) and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Boards or the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one seven hundred thirty six thousand four hundred and fifty thousand dollars ($150,000736,450) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Company Board and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation Committees of the Chief Executive OfficerEmployers. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him her a salary of one two hundred fifty eighty thousand dollars ($150,000280,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one two hundred fifty eighty nine thousand and eight hundred dollars ($150,000289,800) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Company's and the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Board of Directors of the Company (the "Company Board") and the Board of Directors of the Bank (the “"Bank Board”") (collectively the "Boards") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s Employers' performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred seventy five thousand five hundred and fifty thousand dollars ($150,000275,550) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one three hundred fifty one thousand dollars ($150,000351,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Board of Directors of the Company (the “Company Board”) and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one six hundred fifty and eleven thousand dollars ($150,000611,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Company Board of Directors of and the Bank Board (collectively the “Bank BoardBoards”) or the Compensation Committees thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Boards or the Compensation Committee thereof as well as any recommendation of the Chief Executive OfficerCommittees thereof. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty thousand dollars ($150,000200,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) or the Compensation Committee thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (except the first annual review shall be scheduled to take place in January 2005), and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Bank Board or the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him her a salary of one two hundred thirty eight thousand and fifty thousand dollars ($150,000238,050) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “"Bank Board”") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s 's performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him a salary of one three hundred fifty and four thousand and five hundred dollars ($150,000304,500) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Board of Directors of the Company (the “Company Board”) and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) or the Compensation Committees thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Boards or the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty and thirty-two thousand dollars ($150,000232,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) or the Compensation Committee thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Bank Board or the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty five thousand and six hundred fifty dollars ($150,000255,650) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “"Bank Board”") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s 's performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him her a salary of one two hundred fifty and eighty thousand dollars ($150,000280,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Company’s and the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Board of Directors of the Company (the “Company Board”) and the Board of Directors of the Bank (the “Bank Board”) (collectively the “Boards”) or the Compensation Committees thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s Employers’ performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Boards or the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one hundred fifty sixty-five thousand seventy-five dollars ($150,000165,075.00) annually (“Base Salary”) as of the effective date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one three hundred fifty thousand dollars ($150,000350,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank Employers (the “Bank BoardCommittee”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (provided that the initial review may be deferred until the Executive’s regular review for the period beginning April 1, 2010), and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar similarly situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board Committee may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty twelve thousand dollars ($150,000229,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve monthsmonths (except the first annual review shall be scheduled to take place in January 2007), and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him her a salary of one two hundred fifty sixty five thousand dollars ($150,000265,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer shall pay to him a salary of one hundred fifty thousand dollars ($150,000) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “"Bank Board”") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s 's performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Employers shall pay to him a salary of three hundred fifteen thousand and one hundred fifty thousand seventy dollars ($150,000315,170) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Company's and the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee Committees of the Board of Directors of the Company (the "Company Board") and the Board of Directors of the Bank (the “"Bank Board”") (collectively the "Boards") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems they deem appropriate, but not less frequently than once every twelve months, and may, in its their respective discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s Employers' performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Boards or the Compensation Committee Committees thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer Employers for services hereunder at such times, in such amounts and on such terms and conditions as the Company Board or the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer Employers without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty fourteen thousand two hundred and forty dollars ($150,000214,240) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty sixty thousand dollars ($150,000260,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, provided that the initial review may be deferred until the Executive’s regular review for the period beginning April 1, 2010, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one two hundred fifty and forty-seven thousand dollars ($150,000247,000) annually (“Base Salary”) as of the date of restatement of this Agreement). The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) or the Compensation Committee thereof shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Bank Board or the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of two hundred forty thousand and one hundred fifty thousand twenty five dollars ($150,000240,125) annually (“"Base Salary”") as of the date of restatement of this Agreement. The Executive’s 's Base Salary shall be payable in approximately equal installments in accordance with the Bank’s 's customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “"Bank Board”") shall review the Executive’s 's annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of Executive’s 's Base Salary shall take into account not only the Executive’s 's performance as well as the Employer’s 's performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s 's annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s 's Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s 's express prior written consent.

CASH AND OTHER COMPENSATION. (a) In consideration for the services to be rendered by the Executive hereunder, the Employer Bank shall pay to him a salary of one hundred fifty seventy thousand dollars ($150,000170,000) annually (“Base Salary”) as of the date of restatement of this Agreement. The Executive’s Base Salary shall be payable in approximately equal installments in accordance with the Bank’s customary payroll practices for senior officers. Base Salary shall include any amounts of compensation deferred by the Executive under any tax-qualified retirement or welfare benefit plan or any other deferred compensation arrangement. The Compensation Committee of the Board of Directors of the Bank (the “Bank Board”) shall review the Executive’s annual rate of salary at such times during the Employment Period as it deems appropriate, but not less frequently than once every twelve months, and may, in its discretion, approve an increase therein. Such review of the Executive’s Base Salary shall take into account not only the Executive’s performance as well as the Employer’s performance since the date of the last review conducted pursuant to this Section 4(a) but also shall take into consideration the salaries of similar situated officers at comparably situated financial institutions as determined by the Compensation Committee thereof as well as any recommendation of the Chief Executive Officer. In addition to salary, the Executive may receive other cash compensation from the Employer for services hereunder at such times, in such amounts and on such terms and conditions as the Bank Board may determine from time to time. Any increase in the Executive’s annual salary shall become the Base Salary of the Executive for purposes hereof. The Executive’s Base Salary as in effect from time to time cannot be decreased by the Employer without the Executive’s express prior written consent.