Common use of Base and Incentive Compensation Clause in Contracts

Base and Incentive Compensation. During the term of this Agreement, beginning November 1, 2002, Bank (and not Hanmi Financial Corporation) agrees to pay Employee a base salary (the "Base Salary") at the annual rate of $250,000.00, less withholdings for his services as President and Chief Executive Officer of the Bank and Hanmi

Appears in 2 contracts

Sources: Employment Agreement (Hanmi Financial Corp), Employment Agreement (Hanmi Financial Corp)