Farmers National Banc Corp. Director Compensation Policy
This document outlines the compensation policy for non-employee directors of Farmers National Banc Corp. Non-employee directors receive an annual retainer of $32,000. Additional annual retainers are provided for directors with extra responsibilities: $5,000 for the independent Board Chair and $1,500 for each committee chair. Non-employee directors are also eligible to receive equity awards under the company's equity award plans.
Exhibit 10.7
Director Compensation
Each director of Farmers National Banc Corp. (the “Corporation”) who is not an employee of the Corporation shall receive an annual retainer fee of $32,000. Directors with significant additional duties shall receive the following additional retainers: (i) $5,000 for the independent Board Chair; and (ii) $1,500 for each committee chair. Non-employee directors are also eligible for grants under the Corporation’s equity award plans.
