Common use of CONSIDERATION PROVIDED BY THE HOLDING COMPANY Clause in Contracts

CONSIDERATION PROVIDED BY THE HOLDING COMPANY. (a) The compensation specified under this Agreement shall constitute consideration paid by the Holding Company in exchange for the duties described in Section 1 of this Agreement. The Holding Company shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Base Salary shall include any amounts of compensation deferred by Executive under any employee benefit plan or deferred compensation arrangement maintained by the Bank or the Holding Company. Executive's Base Salary shall be payable in accordance with the Holding Company's general payroll practices. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually; the first such review will be made no later than one year from the date of this Agreement. Such review shall be conducted by the Board or a committee designated by the Board, and the Board may increase Executive's Base Salary at any time. The increased Base Salary shall become the new "Base Salary" for purposes of this Agreement. In addition to the Base Salary provided in this Section 3(a), the Holding Company shall also provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Holding Company and the Bank.

CONSIDERATION PROVIDED BY THE HOLDING COMPANY. (a) The compensation specified under this Agreement shall constitute consideration paid by the Holding Company in exchange for the duties described in Section 1 of this Agreement. The Holding Company shall pay Executive as compensation a salary of not less than $_____________ 250,000 per year ("Base Salary"). Base Salary shall include any amounts of compensation deferred by Executive under any employee benefit plan or deferred compensation arrangement maintained by the Bank or the Holding Company. Executive's Base Salary shall be payable in accordance with the Holding Company's general payroll practices. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually; the first such review will be made no later than one year from the date of this Agreement. Such review shall be conducted by the Board or a committee designated by the Board, and the Board may increase Executive's Base Salary at any time. The increased Base Salary shall become the new "Base Salary" for purposes of this Agreement. In addition to the Base Salary provided in this Section 3(a), the Holding Company shall also provide Executive Executive, at no cost to Executive Executive, with all such other benefits as are provided uniformly to permanent full-time employees of the Institution or the Holding Company and the BankCompany.

CONSIDERATION PROVIDED BY THE HOLDING COMPANY. (a) The compensation specified under this Agreement shall constitute consideration paid by the Holding Company in exchange for the duties described in Section 1 of this Agreement. The Holding Company shall pay Executive as compensation a salary of not less than $_____________ 138,500 per year ("Base Salary"). Base Salary shall include any amounts of compensation deferred by Executive under any employee benefit plan or deferred compensation arrangement maintained by the Bank or the Holding Company. Executive's Base Salary shall be payable in accordance with the Holding Company's general payroll practices. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually; the first such review will be made no later than one year from the date of this Agreement. Such review shall be conducted by the Board or a committee designated by the Board, and the Board may increase Executive's Base Salary at any time. The increased Base Salary shall become the new "Base Salary" for purposes of this Agreement. In addition to the Base Salary provided in this Section 3(a), the Holding Company shall also provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Holding Company and the Bank.

CONSIDERATION PROVIDED BY THE HOLDING COMPANY. (a) The compensation specified under this Agreement shall constitute consideration paid by the Holding Company in exchange for the duties described in Section 1 of this Agreement. The Holding Company shall pay Executive as compensation a salary of not less than $_____________ 430,000 per year ("Base Salary"). Base Salary shall include any amounts of compensation deferred by Executive under any employee benefit plan or deferred compensation arrangement maintained by the Bank or the Holding Company. Executive's Base Salary shall be payable in accordance with the Holding Company's general payroll practices. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually; the first such review will be made no later than one year from the date of this Agreement. Such review shall be conducted by the Board or a committee designated by the Board, and the Board may increase Executive's Base Salary at any time. The increased Base Salary shall become the new "Base Salary" for purposes of this Agreement. In addition to the Base Salary provided in this Section 3(a), the Holding Company shall also provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Holding Company and the Bank.