Base Salary and Incentive Compensation. For Plan Years beginning before ​, the maximum amount that an Eligible Employee may elect to defer for a Plan Year (or portion thereof following the date of election, in the case of a pre-​ mid-year election pursuant to [Section 3.2(b)(i)]) shall be 80% of his or her Base Salary, and 100% of his or her Incentive Compensation for such Plan Year (or portion thereof). For Plan Years beginning on or after ​, the maximum amount that an Eligible Employee may elect to defer for a Plan Year shall be 80% of his or her Base Salary, and 80% of his or her Incentive Compensation for such Plan Year.

Base Salary Compensation. You will receive, as a guaranteed base salary for your full-time employment, annual compensation of ​ for the Term. Your annual base compensation will be reviewed annually by the Compensation Committee, but in no event shall it be less than ​. Your base compensation will be paid in accordance with the Company’s standard payroll practices as in effect from time to time, but in no event less frequently than monthly.

Salary Plus Incentive Compensation. A lump sum amount equal to the Multiplier times the sum of # the Participant’s annual base salary at the rate in effect immediately prior to the Relevant Date or, if higher, immediately before the Qualified Termination of Employment and # the Annual Bonus Amount;

Base Salary. During the Employment Term, the Company shall pay to the Executive a salary of ​ per annum, payable consistent with the Company’s standard payroll practices then in effect (“Base Salary”). Such Base Salary shall be reviewed by the Compensation Committee of the Board (hereinafter the “Compensation Committee”) at least annually, with any changes taking into account, among other factors, Company and individual performance.

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

Base Salary. Executive shall be paid a base salary of ​ per annum, with such increases thereafter as may be determined by Employer (the “Base Salary”).

Base Salary. During the Employment Period, the Employer will pay to Employee a base salary at the rate of at least ​ 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 ​; 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.

Base Salary. The Executive shall receive a yearly Base Salary under this Agreement established as of the Effective Date. The Executive’s Base Salary will be paid by ​ in substantially equal bi-weekly installments. The Base Salary will be reviewed annually by the CEO in coordination with the Compensation Committee and upon such review the Base Salary may be increased by the CEO in coordination with the Compensation Committee (but subject to any applicable ​ policy, law, or exchange listing requirement); provided, however, the Base Salary under this Agreement, including as subsequently adjusted upwards, may not be decreased thereafter except in the case of an across-the-board percentage reduction in base salaries of executives at the Executive’s level affecting such executives equally. All amounts payable to the Executive under this Agreement will be subject to all required withholding by ​.

Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”), which shall be paid at a monthly rate, at least equal to twelve times the highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its affiliated companies in respect of the twelve-month period immediately preceding the month in which the Change of Control Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed no more than 12 months after the last salary increase awarded to the Executive prior to the Change of Control Date and thereafter at least annually. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased. As used in this Agreement, the term “affiliated companies” shall include any company controlled by, controlling or under common control with the Company.

Base Salary. The Executive’s Base Salary under this Agreement shall be at the initial rate of ​. The Executive’s Base Salary will be paid by Adtalem in substantially equal bi-weekly installments. The Base Salary will be reviewed annually by the CEO in coordination with the Compensation Committee and upon such review the Base Salary may be increased by the CEO in coordination with the Compensation Committee (but subject to any applicable Adtalem policy, law, or exchange listing requirement); provided, however, the Base Salary under this Agreement, including as subsequently adjusted upwards, may not be decreased thereafter except in the case of an across-the-board percentage reduction in base salaries of executives at the Executive’s level affecting such executives equally. All amounts payable to the Executive under this Agreement will be subject to all required withholding by Adtalem.