In consideration of Executive’s performance of the responsibilities and duties set forth in this Agreement, Executive shall receive a n annual base salary of $ 242 ,500   per year   (“ Base Salary ”).     Such Base Salary will be payable in accordance with the customary payroll practices of the Bank .     During the term of this Agreement, the Board may increas e , but not decreas e , Executive’s Base Salary.  Any increase in Base Salary will become the “Base Salary” for purposes of this Agreement.