Common use of Increases in Base Salary Clause in Contracts

Increases in Base Salary. When the Bank reviews the compensation of other Bank officers in accordance with the Bank's regular practices, Executive's Base Salary shall be subject to adjustment in accord with the Bank's compensation policies and practices generally applicable to Bank officers. Executive's Base Salary following any such change shall be the new Base Salary for purposes of this Agreement. Without limiting the foregoing, Executive's Base Salary shall be increased, effective January 1, 2003, to $115,000, and effective January 1, 2004 to $125,000.

Increases in Base Salary. When the Bank reviews the compensation of other Bank officers in accordance with the Bank's regular practices, Executive's Base Salary shall be subject to adjustment in accord with the Bank's compensation policies and practices generally applicable to Bank officers. Executive's Base Salary following any such change shall be the new Base Salary for purposes of this Agreement. Without limiting the foregoing, Executive's Base Salary shall be increased, effective January 1, 20031998, to $115,000, and effective January 1, 2004 to $125,00060,000.

Increases in Base Salary. When the Bank reviews the compensation of other Bank executive officers in accordance with the Bank's regular practices, Executive's Base Salary shall be subject to adjustment in accord with the Bank's compensation policies and practices generally applicable to Bank officerssenior executives, at the discretion of the Bank's board of directors. Executive's Base Salary following any such change shall be the new Base Salary for purposes of this Agreement. Without limiting the foregoing, Executive's Base Salary shall be increased, effective January 1, 2003, to $115,000, and effective January 1, 2004 to $125,000.