Base Compensation Contract Clauses (141)

Base Compensation. During your employment with the Company, the Company will pay you a base salary of $445,000 per year (the "Base Salary"), less payroll deductions and all required withholdings, payable in installments in accordance with the Company's normal payroll practices (but in no event less often than monthly) and prorated for any partial pay period of employment. Your Base Salary may be subject to adjustment pursuant to the Company's policies as in effect from time to time.

Base Compensation. The Bank agrees to pay the Employee as Chief Credit Officer during the term of this Agreement a salary (the "Base Salary") at the rate of $191,100 per annum, payable in cash not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's Base Salary, and in its sole discretion may decide to increase his Base Salary.

Base Compensation. In partial consideration of the Employee's services to be rendered hereunder, the Company shall pay to the Employee, as base compensation, a salary of $42,000.00 US per year, payable in equal monthly installments of $3,500.00 US (paid in company stock) on the 1st day of each month during the term of the Employee's employment hereunder, pro rated for any partial employment period.

Base Compensation. During the Term, in consideration for the services as Executive Vice President of Finance and Chief Financial Officer required under this Agreement, the Corporation agrees to pay Executive an annual base salary of Four Hundred Thousand Dollars ($400,000), or such higher figure as may be determined at an annual review of his performance and compensation by the Compensation Committee of the Board of Directors. The annual review of Executive's base salary shall be conducted by the Compensation Comm...ittee of the Board of Directors within a reasonable time after the end of each fiscal year of the Corporation and any increase shall be retroactive to January 1st of the then current Agreement year. The amount of annual base salary shall be payable in equal installments consistent with the Corporation's payroll payment schedule for other executive employees of the Corporation. Executive may choose to select a portion of his compensation to be paid as deferred income through qualified plans or other programs consistent with the policy of the Corporation and subject to any and all applicable federal, state or local laws, rules or regulations. View More