Farmers National Banc Corp. 2020 Non-Employee Director Compensation Policy
Farmers National Banc Corp. has set its 2020 compensation for non-employee directors. Each non-employee director will receive an annual retainer of $52,500. Directors with additional responsibilities will receive extra retainers: $25,000 for the independent Board Chair, $20,000 for the independent Board Vice Chair, $10,000 for the Executive Committee Chair, and $5,000 for other committee chairs. This policy outlines the pay structure for directors based on their roles and duties within the company.
Exhibit 10.17
Director Compensation
Each non-employee director of Farmers National Banc Corp. (the “Corporation”) shall receive for calendar year 2020 an annual retainer fee of $52,500. Directors with significant additional duties shall receive the following additional retainers: (i) $25,000 for the independent Chair of the Board of Directors; (ii) $20,000 for the independent Board Vice Chair; (iii) $10,000 for the Chair of the Executive Committee; and (iv) $5,000 for all other committee Chairs.
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