Common use of Base Compensation Clause in Contracts

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 3 contracts

Sources: Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Northeast Community Bancorp Inc), Bank Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Bank Employer agrees to pay Executive during the term of this Agreement a base salary at the rate of $ [$_______] per yearannum, payable in accordance with the customary payroll practices. b. Each yearpractices of the Employer; provided, however, that the Board will review the level rate of Executive’s base salarysalary shall be reviewed by the Board of Directors not less often than annually, based upon factors they deem relevantand Executive shall be entitled to receive annual increases at such percentage or in such an amount as the Board of Directors, in order to determine whether to maintain or increase his base salaryits sole discretion, may decide.

Appears in 3 contracts

Sources: Two Year Employment Agreement (Standard Financial Corp.), Three Year Employment Agreement (Standard Financial Corp.), Two Year Employment Agreement (Standard Financial Corp.)

Base Compensation. a. The Bank Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 3 contracts

Sources: Company Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$113,148, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The For his services as , the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 3 contracts

Sources: Employment Agreement (Sugar Creek Financial Corp), Employment Agreement (First Advantage Bancorp), Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The Bank For his services in the Officer Position, the Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $208,320 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 2 contracts

Sources: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The Bank Company agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, $113,148 payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 2 contracts

Sources: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $110,000 per year, payable in accordance with customary payroll practices. Following October 1, 2007, the Board shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Delanco Bancorp, Inc), Employment Agreement (Delanco Bancorp Inc)

Base Compensation. a. The Bank For his services as President and Chief Executive Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $110,000 per year, payable in accordance with customary payroll practices. Following October 1, 2007, the Board shall adjust Executive’s annual base salary downward to reflect his new duties and responsibilities. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Delanco Bancorp, Inc), Employment Agreement (Delanco Bancorp Inc)

Base Compensation. a. (a) The Bank Company agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, $151,980 payable in accordance with the customary payroll practicespractices of the Bank. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 2 contracts

Sources: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Base Compensation. a. (a) The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $164,500 per year, payable in accordance with customary payroll practices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 2 contracts

Sources: Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp)

Base Compensation. a. The For his services in the Officer Positions, the Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $208,320 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (CBM Bancorp, Inc.), Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $200,000 per year, payable in accordance with the Bank’s customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 2 contracts

Sources: Employment Agreement (BCSB Bankcorp Inc), Employment Agreement (BCSB Bancorp Inc.)

Base Compensation. a. The Bank For his services as , the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Sugar Creek Financial Corp), Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. (a) The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$151,980, payable in accordance with the customary payroll practicespractices of the Bank. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 2 contracts

Sources: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Base Compensation. a. (a) The Bank Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $164,500 per year, payable in accordance with customary payroll practices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 2 contracts

Sources: Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp)

Base Compensation. a. The For his services as [position], the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $[amount] per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Profile Bancorp Inc), Employment Agreement (Bradford Bancorp Inc /MD)

Base Compensation. a. The Bank For his services as [position], the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $[amount] per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 2 contracts

Sources: Employment Agreement (Profile Bancorp Inc), Employment Agreement (Bradford Bancorp Inc /MD)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $145,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $235,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. (a) The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$117,300, payable in accordance with the customary payroll practicespractices of the Bank. b. (b) Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Two Year Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $139,392 per year, payable in accordance with customary payroll practicespractices of the Company. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp./Md/)

Base Compensation. a. The Bank Company agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$150,000, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive's base salary.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Base Compensation. a. The For her services in the Officer Positions, the Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $125,000.00 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$180,000, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$150,000, payable in accordance with the customary payroll practicespractices of the Bank. Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive's base salary.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Base Compensation. a. The For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $115,000 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The Bank For his services as _________, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $_________ per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank For his services in the Officer Position, the Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $150,000 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank For his services as President and Chief Operating Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $95,000 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $116,820 per year, payable in accordance with customary payroll practicespractices of the Bank. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp./Md/)

Base Compensation. a. The Bank For his services in the Officer Positions, the Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $150,000 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. (a) The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $300,000 per year, payable in accordance with customary payroll practices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Polonia Bancorp Inc)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$265,000, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (Fox Chase Bancorp Inc)

Base Compensation. a. The For his services in the Officer Position, the Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $150,000 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $175,100 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $139,392 per year, payable in accordance with customary payroll practicespractices of the Bank. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp./Md/)

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $154,500 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $115,000 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $185,000.00 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Delanco Bancorp, Inc.)

Base Compensation. a. The Bank For his services as Chief Executive Officer and Chief Financial Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $118,450 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The Bank For his services as Chief Executive Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $154,500 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $135,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$160,000, payable in accordance with the customary payroll practicespractices of the Bank. Executive may have part of his compensation deferred if he chooses. b. Each year, the Board will review the level of Executive’s 's base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive's base salary.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$96,350, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The For his services as Chief Executive Officer and Chief Financial Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $118,450 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The For her services in the Officer Positions, the Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $125,000 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $140,000 per year, payable in accordance with customary payroll practicespractices of the Bank. b. Each yearIn the absence of action by the Bank, Executive shall continue to receive his base salary at the annual rate specified on the Effective Date or, if another rate has been established, the Board will review rate last properly established by action of the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salaryBank.

Appears in 1 contract

Sources: Employment Agreement (Naugatuck Valley Financial Corp)

Base Compensation. a. The For his services in the Officer Positions, the Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $150,000.00 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $138,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Bank Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $235,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $97,850 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $135,000 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $127,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his her base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $185,400 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank For her services in the Officer Positions, the Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $125,000.00 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. The For his services as Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $98,100 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $145,000 per year, payable in accordance with customary payroll practices. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Employment Agreement (Northeast Community Bancorp Inc)

Base Compensation. a. The Company and the Bank agrees agree to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board of the Bank will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (BV Financial, Inc.)

Base Compensation. a. The Bank agrees to pay the Executive during the term of this Agreement a an annual base salary at the rate of $ per year$200,000, payable in accordance with the customary payroll practicespractices of the Bank. b. Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his Executive’s base salary.

Appears in 1 contract

Sources: Employment Agreement (Fox Chase Bancorp Inc)

Base Compensation. a. The For his services as President and Chief Executive Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $305,351.00 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CFSB Bancorp, Inc. /MA/)

Base Compensation. a. The For her services as Chief Operating Officer and Treasurer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $203,900.00 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CFSB Bancorp, Inc. /MA/)

Base Compensation. a. The For his services as President and Chief Operating Officer, the Bank agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $95,000 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. The Bank For his services as Chief Executive Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $175,100 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (First Advantage Bancorp)

Base Compensation. a. The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $160,000 per year, payable in accordance with customary payroll practicespractices of the Bank. b. Each yearIn the absence of action by the Bank, Executive shall continue to receive his base salary at the annual rate specified on the Effective Date or, if another rate has been established, the Board will review rate last properly established by action of the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salaryBank.

Appears in 1 contract

Sources: Employment Agreement (Naugatuck Valley Financial Corp)

Base Compensation. a. The Bank For his services as President and Chief Operating Officer, the Company agrees to pay Executive during the term of this Agreement a an annual base salary at the rate of $ $97,850 per year, payable in accordance with customary payroll practices. b. Each yearDuring the term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (Sugar Creek Financial Corp)

Base Compensation. a. (a) The Bank Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $277,500 per year, payable in accordance with customary payroll practices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Company Employment Agreement (Polonia Bancorp)

Base Compensation. a. The Bank For her services in the Officer Positions, the Company agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $125,000 per yearannum, payable in accordance with customary payroll practices. b. Each yearDuring the Term of this Agreement, the Board will review the level of Executive’s base salarysalary at least annually, based upon factors they deem deemed relevant, in order to determine whether to maintain or increase his Executive’s base salarysalary through the remaining Term of the Agreement.

Appears in 1 contract

Sources: Employment Agreement (CBM Bancorp, Inc.)

Base Compensation. a. (a) The Bank agrees to pay Executive during the term of this Agreement a base salary at the rate of $ $277,500 per year, payable in accordance with customary payroll practices. b. (b) Each year, the Board will review the level of Executive’s base salary, based upon factors they deem relevant, in order to determine whether to maintain or increase his base salary.

Appears in 1 contract

Sources: Bank Employment Agreement (Polonia Bancorp)