Document ID: 15097

Text:
(a)The compensation specified under this Agreement shall constitute consideration paid by the Bank in exchange for duties described in Section1 of this Agreement. The Bank shall pay Executive, as compensation, a salary of not less than $173,200 per year (Base Salary). Base Salary shall include any amounts of compensation deferred by Executive under any employee benefit plan or deferred compensation arrangement maintained by the Bank. Base Salary shall be payable in accordance with the Banks customary payroll practices. During the term of this Agreement, Executives Base Salary shall be reviewed at least annually by December 31st of each year. The review shall be conducted by the Board of Directors or by a committee designated by the Board of Directors. The committee or the Board of Directors may increase, but not decrease, Executives Base Salary at any time, except for a decrease not in excess of any decrease generally applicable to all senior officers of the Bank. Any increase in Base Salary shall become the Base Salary for purposes of this Agreement.

Named Entities:
42
45
Salary

Tokenized Text:
(
a
)
The
compensation
specified
under
this
Agreement
shall
constitute
consideration
paid
by
the
Bank
in
exchange
for
duties
described
in
Section1
of
this
Agreement
.
The
Bank
shall
pay
Executive
,
as
compensation
,
a
salary
of
not
less
than
$
173
,
200
per
year
(
Base
Salary
)
.
Base
Salary
shall
include
any
amounts
of
compensation
deferred
by
Executive
under
any
employee
benefit
plan
or
deferred
compensation
arrangement
maintained
by
the
Bank
.
Base
Salary
shall
be
payable
in
accordance
with
the
Banks
customary
payroll
practices
.
During
the
term
of
this
Agreement
,
Executives
Base
Salary
shall
be
reviewed
at
least
annually
by
December
31st
of
each
year
.
The
review
shall
be
conducted
by
the
Board
of
Directors
or
by
a
committee
designated
by
the
Board
of
Directors
.
The
committee
or
the
Board
of
Directors
may
increase
,
but
not
decrease
,
Executives
Base
Salary
at
any
time
,
except
for
a
decrease
not
in
excess
of
any
decrease
generally
applicable
to
all
senior
officers
of
the
Bank
.
Any
increase
in
Base
Salary
shall
become
the
Base
Salary
for
purposes
of
this
Agreement
.