Farmers National Banc Corp. Director Compensation Agreement

Summary

This agreement outlines the compensation for non-employee directors of Farmers National Banc Corp. Each eligible director receives an annual retainer of $45,000. Additional payments are provided for directors with extra responsibilities: $25,000 for the independent Chair of the Board, $20,000 for the independent Vice Chair, $10,000 for the Chair of the Executive Committee, and $5,000 for other committee Chairs. The agreement specifies the structure and amounts of director compensation but does not include other terms or conditions.

EX-10.18 2 fmnb-ex1018_416.htm EX-10.18 fmnb-ex1018_416.htm

Exhibit 10.18

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 $45,000. 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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