Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 3 contracts
Samples: Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ $ per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board Bank may increase, but not decrease (except a decrease that is generally applicable to all employees), ) Executive's ’s Base Salary (with any increase in Base Salary shall to become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 2 contracts
Samples: Employment Agreement (Seneca-Cayuga Bancorp, Inc.), Employment Agreement (Seneca-Cayuga Bancorp, Inc.)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 2 contracts
Samples: Employment Agreement (CCSB Financial Corp), Employment Agreement (CCSB Financial Corp)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ 117,002 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 1 contract
Samples: Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ 118,451.00 per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's ’s Base Salary (any increase in Base Salary shall become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 1 contract
Samples: Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Samples: Employment Agreement (Provident Financial Services Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ 211,417 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 1 contract
Samples: Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ 277,560 per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board Bank may increase, but not decrease (except a decrease that is generally applicable to all employees), ) Executive's ’s Base Salary (with any increase in Base Salary shall to become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Samples: Employment Agreement (Generations Bancorp NY, Inc.)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ 80,000 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 1 contract
Samples: Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ 162,740.00 per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's ’s Base Salary (any increase in Base Salary shall become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.
Appears in 1 contract
Samples: Employment Agreement (Flatbush Federal Bancorp Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ $ per year ----- ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Samples: Employment Agreement (Provident Financial Services Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Beginning on the Effective Date, the Bank shall pay Executive as compensation a salary of not less than $_____________ 145,000.96 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may shall be conducted by a Committee designated by the BoardBoard of Directors, and the Board Bank may increase, but not decrease (except a decrease that is generally applicable to all employees), ) Executive's Base Salary (with any increase in Base Salary shall to become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a)Salary, the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ 104,700 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ 160,160 per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board Bank may increase, but not decrease (except a decrease that is generally applicable to all employees), ) Executive's ’s Base Salary (with any increase in Base Salary shall to become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Samples: Employment Agreement (Generations Bancorp NY, Inc.)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Company or the Bank shall pay Executive as compensation a salary of at an annual rate not less than $_____________ $ per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's ’s Base Salary (any increase in increased Base Salary shall become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Company or the Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationCompany or the Bank.
Appears in 1 contract
Samples: Employment Agreement (Provident Financial Services Inc)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ 167,582 per year ("“Base Salary"”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's ’s Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board Bank may increase, but not decrease (except a decrease that is generally applicable to all employees), ) Executive's ’s Base Salary (with any increase in Base Salary shall to become the "“Base Salary" ” for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract
Samples: Employment Agreement (Generations Bancorp NY, Inc.)
Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association Bank shall pay Executive as compensation a salary of not less than $_____________ 75,000 per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association Bank shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the AssociationBank. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the AssociationBank.
Appears in 1 contract