Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Thousand Dollars ($120,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred and Twenty Thousand Dollars ($120,000.00) payable in accordance with the normal payroll practices periods at Bank. The Executive's annual salary shall be increased (but not decreased) during each year of the Term of this Agreement solely in the discretion of the Board of Directors of the Bank. Annual salary increases The Executive shall not be according to paid any further compensation for serving as a Director of the Bank policy which are based or on merit and committees of the Bank's financial performance for the previous year. Annual increases are in the sole discretion Board of Directors of the Bank.
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Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Sixty Thousand Dollars ($120,000.00160,000.00) payable in accordance with the normal payroll practices of the BankCompany. Annual salary increases shall be according to Bank Company policy which are based on merit and the BankCompany's financial performance for the previous year. Annual increases are in the sole discretion of the BankCompany.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Hundred Twenty Thirty Seven Thousand Eighty Eight Dollars ($120,000.00137,088.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bankbank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Two Hundred Twenty Thousand Dollars ($120,000.00200,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Thirty Six Thousand Dollars ($120,000.00Two Hundred Dollars($136,200.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Fifty Thousand Dollars ($120,000.00150,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Eighty Thousand Dollars ($120,000.00180,000) payable in accordance with the normal payroll practices of the BankCompany. Annual salary increases shall be according to Bank Company policy which are based on merit and the BankCompany's financial performance for the previous year. Annual increases are in the sole discretion of the BankCompany.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Hundred Twenty Sixty Five Thousand Dollars ($120,000.00Dollars($165,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Hundred Twenty Seventy Three Thousand Four Hundred Fifteen Dollars ($120,000.00173,415.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bankbank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Hundred Twenty Forty Four Thousand Dollars ($120,000.00144,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bankbank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Hundred Twenty Fifty Thousand Forty Seven Dollars ($120,000.00150,047.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bankbank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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Operating Period. During the Term, Executive shall receive an ---------------- annual ---------------- base salary in the amount of One Two Hundred Twenty Four Thousand Dollars ($120,000.00204,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bankbank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.
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