Annual Base Salary. During the Term of Employment, the Company shall pay to Executive, in accordance with the Company’s Policies and practices in effect from time to time, an annual base salary (the “Annual Base Salary”) of:

Base Salary. Commencing on the Effective Date, your initial base salary as President and CEO of the Company will be $1,250,000.

Base Salary. Executive shall be paid a base salary of Two Hundred Fifty Thousand Dollars ($250,000) per annum, with such increases thereafter as may be determined by Employer (the “Base Salary”).

Base Salary. You will receive an annual base salary of $1,250,000 (“Base Salary”), payable by the Company in accordance with its normal payroll practices.

Base Salary. During the Employment Period, the Employer will pay to Employee a base salary at the rate of at least $189,625 per year (“Base Salary”), less normal withholdings, payable in equal monthly or more frequent installments as are customary under the Bank’s payroll practices from time to time. In accordance with the policies and procedures of the Board of Directors of the Bank (the “Bank Board”), the Employer shall review Employee’s total compensation at least annually and in its sole discretion may adjust Employee’s total compensation from year to year, but during the Employment Period the Employer may not decrease Employee’s Base Salary below $189,625; provided further, however, that periodic increases in Base Salary, once granted, shall not be subject to revocation. The annual review of Employee’s total compensation will consider, among other things, changes in the cost of living, Employee’s own performance and Bancorp’s consolidated performance.

Not later than March 31 of each contract year, the Compensation Committee shall evaluate and determine the amount of any increase to the President and CEO’s annual base salary. Any increases to the President and CEO’s annual base salary determined by the Compensation Committee shall be effective on January 1 of the then running contract year and the increased annual base salary shall become the President and CEO’s new contractual annual base salary.

Tier 1 Employees shall receive payment equal to 200% of the sum of # the Tier 1 Employee’s Annual Base Salary, plus # the Tier 1 Employee’s Target Annual Incentive Payment (with both Annual Base Salary and Target Annual Incentive Payment being determined without regard to any decrease in such Annual Base Salary that would constitute a basis for a Good Reason Resignation).

“Base Salary” means the Executive’s annual base salary as from time to time in effect.

Salary and Bonus Severance. Participants shall receive salary and bonus severance payment equal to 100% of the sum of # the Participant’s Base Salary, plus # the Participant’s Target Annual Incentive Payment (with both Base Salary and Target Annual Incentive Payment being determined without regard to any decrease in such Base Salary or Target Annual Incentive Payment that would constitute a basis for a Good Reason Resignation).

Salary shall mean an Employee’s annual base salary.

Executive's annual base salary rate, the Executive's annual base salary rate in effect immediately prior to the reduction that gave rise to the grounds for Good Reason.

Base Salary. “Base Salary” shall mean an amount equal to the Employee's Company annual salaried compensation.

“Annual Base Salary” means the annual rate of base salary payable to a Participant for services performed for an Employer, as in effect immediately prior to the Participant’s Date of Termination.

Base Salary: The Company will pay the CFO an annual base salary of $225,000, payable in installments in the Company’s regular payroll periods.

Your annual Base Salary will be $600,000 (the “Base Salary”) less any federal, state and local payroll taxes and other withholdings legally required or properly requested by you. The Base Salary will be payable to you in accordance with the Company’s regular payroll practices and procedures and will be subject to periodic review and adjustment, at the Company’s discretion. Your Base Salary will be subject to review by the Board in accordance with the Company’s annual review process. In addition to your Base Salary, the Company