Document ID: 11780

Text:
| 2.1. | Annual Base Salary. The Bank will compensate the Executive for the Executives services during the Term at a minimum annual base salary of $300,000 per year, effective through December31, 2018 (the Annual Base Salary), payable at the same times as salaries are payable to other executive employees. After December31, 2018 , the Bank may, from time to time, increase, and may not decrease, the Executives Annual Base Salary, and any and all such changes shall be deemed to constitute amendments to this Section to reflect the revised amount. ---|---|---

Named Entities:
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Salary
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EffectiveDate

Tokenized Text:
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2
.
1
.
|
Annual
Base
Salary
.
The
Bank
will
compensate
the
Executive
for
the
Executives
services
during
the
Term
at
a
minimum
annual
base
salary
of
$
300
,
000
per
year
,
effective
through
December31
,
2018
(
the
Annual
Base
Salary
)
,
payable
at
the
same
times
as
salaries
are
payable
to
other
executive
employees
.
After
December31
,
2018
,
the
Bank
may
,
from
time
to
time
,
increase
,
and
may
not
decrease
,
the
Executives
Annual
Base
Salary
,
and
any
and
all
such
changes
shall
be
deemed
to
constitute
amendments
to
this
Section
to
reflect
the
revised
amount
.
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