USBI and FUSB BOARD and COMMITTEE FEES

EX-10.20 3 d825311dex1020.htm EX-10.20 EX-10.20

Exhibit 10.20

USBI and FUSB

BOARD and COMMITTEE FEES

USBI Fees to Non-Employee Directors Monthly:

 

Non-Employee Directors

 $   600

Chairperson

 $1,350 ($600 + $750)

Attendance Fee

 $   500 Per Meeting Attended

FUSB Board Fees Monthly:

 

Non-Employee Directors

 $ 400   

Committee Fees, Paid Per Meeting Attended:

 

Non-Employee Directors of All Committees

 $ 250   

Chairperson, Audit

 $ 400   

Chairperson, Compensation

 $ 400   

Chairperson, Nominating, Executive & Corporate Governance

 $ 400   

Chairperson, ALC Board

 $ 400   

Board Fees for Directors of ALC and FUSB Reinsurance, Inc.:

 

Non-Employee Directors

 $ 250 Per Meeting Attended   

Mileage:

Any non-employee director attending a board, committee, or special meeting outside the county in which he/she resides, will be paid mileage at the Bank’s rate. Any officer or employee will be paid mileage if a company vehicle is not assigned to the respective employee.

Other Expense:

Any non-employee director that may incur expense for travel, customer entertainment or other such bank-related expense shall complete the Bank’s standard reimbursement claim form and submit it to the CEO. If approved by the CEO, the non-employee director will be reimbursed for such bank- related expense according to existing Bank policy.

Any non-employee director attending a training meeting, or similar meeting, will be compensated as attending a committee meeting ($250).