Summary of Director Compensation
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.2 2 dex102.htm SUMMARY OF COMPENSATION ARRANGEMENTS TO DIRECTORS Summary of Compensation Arrangements to Directors
Exhibit 10.2
Summary of Director Compensation
Commencing April 2007, directors of Chittenden Corporation, other than Paul A. Perrault, will receive an annual retainer of $15,000 without regard to attendance and $2,750 per meeting attended. The Chair of the Executive Committee and the Chair of the Audit Committee will receive an additional annual retainer of $10,000 without regard to attendance. Directors serving on the Audit and Executive Committees will receive $1,500 per meeting attended. Fifty per cent of all retainers and fees are paid in the form of common stock of the Corporation.
