Employee’s annual base salary for all services rendered shall initially be One Hundred Sixty-Seven Thousand and 00/100 Dollars ($167,000.00) (less applicable taxes and withholdings) payable in accordance with the Bank’s customary payroll practices as they may exist from time to time (“ Base Salary ”). The Employee’s Base Salary may be reviewed and increased by the Bank at its sole discretion, in accordance with the Bank’s policies, procedures and practices as they may exist from time to time.