Summary of 2005 Base Salaries and 2004 Cash Bonus Awards for Named Executive Officers of The Bryn Mawr Trust Company
This document outlines the 2005 base salaries and 2004 cash bonuses for the named executive officers of The Bryn Mawr Trust Company and its parent corporation. The Compensation Committees approved salary increases of 3% to 4% for 2005 and awarded cash bonuses for 2004 based on employment agreements, incentive programs, and individual performance. The agreement lists the specific amounts for each executive, including the Chairman, President & CEO, and other executive vice presidents.
EXHIBIT 10.1
Summary of 2005 Base Salaries Payable to Named Executive Officers
and Cash Bonuses Awarded to Named Executive Officers for 2004
On January 14, 2005 and February 8, 2005, the Compensation Committees of the Boards of Directors of the Corporation and its subsidiary, The Bryn Mawr Trust Company (the “Bank”), set the base salaries to be paid to the Corporation’s Named Executive Officers for 2005. The base salaries represent increases from 3% to 4% over the Named Executive Officers previously effective base salaries. At the same time, the Compensation Committees awarded cash bonuses for 2004. The bonuses awarded to Mr. Peters and Mr. Pickering were required by their agreements with the Corporation and the Bank. Mr. Keefer’s bonus was based on an incentive program for 2004. The bonuses awarded to the other Named Executive Officers were to recognize the individual efforts of those Named Executive Officers in 2004.
| Name and Principal Position | 2005 Base Salary | 2004 Cash Bonus | ||||
| Frederick C. Peters II Chairman, President & CEO | $ | 320,282 | $ | 20,000 | ||
| Robert J. Ricciardi Executive Vice President – Chief | $ | 170,470 | $ | 8,000 | ||
| John Pickering Executive Vice President – Wealth | $ | 197,125 | $ | 50,000 | ||
| Alison E. Gers Executive Vice President – | $ | 167,530 | $ | 9,000 | ||
| Joseph Keefer Executive Vice President – Chief | $ | 154,536 | $ | 20,000 | ||
