Common use of Fixed Salary Clause in Contracts

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,47695,472. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476136,475. Any adjustments changes in that the Fixed Salary shall be effective as determined by the Board of Directors of the Employee’s anniversary date. The Employee then Bank and shall receive the adjusted Fixed Salary be effective for the twelve month period beginning on the anniversary datefirst day of January each year. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476125,000. Any adjustments changes in that the Fixed Salary shall be effective as determined by the Board of Directors of the Employee’s anniversary date. The Employee then Bank and/or the President and CEO of the Bank and shall receive the adjusted Fixed Salary be effective for the twelve month period beginning on the anniversary datefirst day of each year. In no event shall the Fixed Salary for any twelve-twelve month period be less than the Fixed Salary during the preceding twelve-twelve month period.

Fixed Salary. During the Employment Term the Employee shall receive compensation (the “Fixed Salary”) payable in equal monthly installments at the annual rate of $78,476108,562. Any adjustments in that Fixed Salary shall be effective as of the Employee’s anniversary date. The Employee then shall receive the adjusted Fixed Salary for the twelve month period beginning on the anniversary date. In no event shall the Fixed Salary for any twelve-month period be less than the Fixed Salary during the preceding twelve-month period.