Common use of Compensation Benefits and Reimbursement Clause in Contracts

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. The 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 shall be conducted by a committee designated by the Board, and the 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 to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive.

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 22(b). The 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 shall be conducted by a committee designated by the BoardChief Executive Officer, and the 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 to become “"Base Salary” " for purposes of this Agreement). In addition to the Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of Salary, the Bank or any affiliate shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Bank. Such director’s fees Base Salary shall be separately paid to include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the ExecutiveBank.

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 22(b). The Bank shall pay Executive as compensation a salary of not less than [$ ] $95,000 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 's Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the BoardChief Executive Officer, and the 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 to become “"Base Salary” " for purposes of this Agreement). In addition to the Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of Salary, the Bank or any affiliate shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Bank. Such director’s fees Base Salary shall be separately paid to include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the ExecutiveBank.

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 22(b). The 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 shall be conducted by a committee designated by the BoardChief Executive Officer, and the 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 to become “"Base Salary” " for purposes of this Agreement). In addition to the Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of Salary, the Bank or any affiliate shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Bank. Such director’s fees Base Salary shall be separately paid to include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the ExecutiveBank.

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. The Bank shall pay Executive as compensation a salary of not less than [$ ] $184,000 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 's Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the 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 to become “"Base Salary” " for purposes of this Agreement). Base Salary shall not include any director’s 's fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s 's fees shall be separately paid to the Executive.

Compensation Benefits and Reimbursement. (aA) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section THE COMPENSATION SPECIFIED UNDER THIS AGREEMENT SHALL CONSTITUTE THE SALARY AND BENEFITS PAID FOR THE DUTIES DESCRIBED IN SECTION 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] $123,634 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 shall be conducted by a committee designated by the Compensation Committee of the Board, and the 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 to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive.

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. The Bank shall pay Executive as compensation a salary of not less than [$ ] $126,500 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 shall be conducted by a committee designated by the Board, and the 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 to become “"Base Salary” " for purposes of this Agreement). Base Salary shall not include any director’s 's fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s 's fees shall be separately paid to the Executive.

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. The Bank shall pay Executive as compensation a salary of not less than [$ ] $120,000 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 shall be conducted by a committee designated by the Compensation Committee of the Board, and the 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 to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive.

Compensation Benefits and Reimbursement. (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described describe in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] $116,134 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 shall be conducted by a committee designated by the Board, and the 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 to become “"Base Salary” " for purposes of this Agreement). Base Salary shall not include any director’s 's fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s 's fees shall be separately paid to the Executive.

Compensation Benefits and Reimbursement. (aA) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section THE COMPENSATION SPECIFIED UNDER THIS AGREEMENT SHALL CONSTITUTE THE SALARY AND BENEFITS PAID FOR THE DUTIES DESCRIBED IN SECTION 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] $135,000 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 shall be conducted by a committee designated by the Compensation Committee of the Board, and the 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 to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive.