Common use of Periodic Salary Review Clause in Contracts

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 2 contracts

Samples: Employment Agreement (United Community Bancorp), Employment Agreement (United Community Bancorp)

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Periodic Salary Review. The annual salary of the EMPLOYEE Employee shall be reviewed by the Board of Directors from time to time throughout the TERMTerm, but not less often than once every three years, and shall be set at an amount not less than $123,301.00$ , based upon the EMPLOYEEEmployee’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEWPeriodic Review”). The results of the PERIODIC REVIEW Periodic Review shall be reflected in the minutes of the Board of DirectorsBoard.

Appears in 2 contracts

Samples: Employment Agreement (United Community Bancorp), Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00111,371.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 2 contracts

Samples: Employment Agreement (United Community Bancorp), Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.0089,407.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 2 contracts

Samples: Employment Agreement (United Community Bancorp), Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00106,500.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEWPeriodic Review”). The results of the PERIODIC REVIEW Periodic Review shall be reflected in the minutes of the Board of DirectorsBoard.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00175,000.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Bank Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00142,106, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE Employee shall be reviewed by the Board of Directors from time to time throughout the TERMTerm, but not less often than once every three years, and shall be set at an amount not less than $123,301.00142,106, based upon the EMPLOYEEEmployee’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEWPeriodic Review”). The results of the PERIODIC REVIEW Periodic Review shall be reflected in the minutes of the Board of DirectorsBoard.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00106,500.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Bank Employment Agreement (United Community Bancorp)

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Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00175,000.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEWPeriodic Review”). The results of the PERIODIC REVIEW Periodic Review shall be reflected in the minutes of the Board of DirectorsBoard.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00118,000.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Bank Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00128,000.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEWPeriodic Review”). The results of the PERIODIC REVIEW Periodic Review shall be reflected in the minutes of the Board of DirectorsBoard.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.00128,000.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Bank Employment Agreement (United Community Bancorp)

Periodic Salary Review. The annual salary of the EMPLOYEE shall be reviewed by the Board of Directors from time to time throughout the TERM, but not less often than once every three years, and shall be set at an amount not less than $123,301.0086,451.00, based upon the EMPLOYEE’s individual performance and such other factors as the Board of Directors may deem appropriate (hereinafter referred to as the “PERIODIC REVIEW”). The results of the PERIODIC REVIEW shall be reflected in the minutes of the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (United Community Bancorp)

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