Imperial Capital Bancorp, Inc. 2008 Director Fee Arrangements
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Summary
Imperial Capital Bancorp, Inc. has set its 2008 compensation for non-employee directors at $1,000 per Board or committee meeting attended, plus a monthly retainer of $2,250. Directors may also receive additional honorariums for extra work performed, as was the case in 2007 when specific directors received honorariums for their contributions to various committees and company matters.
EX-10.19 3 ex10_19.htm EXHIBIT 10.19 ex10_19.htm
Exhibit 10.19
Director Fee Arrangements
Fees for the non-employee directors of Imperial Capital Bancorp, Inc. (the “Company”) for 2008 will continue to be $1,000 per Board or board committee meeting attended, plus a monthly retainer of $2,250. Individual directors may also receive honorariums for additional work performed on behalf of the Company. The honorariums paid to directors for 2007 were as follows: (i) an honorarium of $7,500 to Director Robert Reed for his active assistance with legislative and audit committee matters during 2007; (ii) an honorarium of $5,000 to Director Jeffrey Lipscomb for his Chairmanship of the Compensation Committee and active assistance with compensation matters; and (iii) an honorarium of $15,000 to Director Hirotaka Oribe for his extensive work with the Executive Committee and large loan approval process.
