Officer Compensation 2005 Salary Bonus Stock Option Restricted StockName Amount Amount Award Award James J. Giancola, $ 535,000 $ 374,500 179,316 (1)(2)President and Chief Executive Officer Thomas A. Caravello, $ 168,000 $ 40,000 4,000 2,500 Executive Vice President of Midwest Bank and Trust Company Sheldon Bernstein, $ 181,245 $ 42,000 4,000 2,500 Executive Vice President of Midwest Bank and Trust Company Daniel R. Kadolph, $ 148,205 $ 30,000 2,000 2,000 Senior Vice President and Chief Financial Officer Mary M. Henthorn, $ 179,138 $ 42,000 4,000 2,500 Executive Vice President of Midwest Bank and Trust Company Edward H. Sibbald, (3) $ 184,000 $ Executive Vice President of Midwest Bank and Trust Company

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.31 2 c03432exv10w31.htm OFFICER COMPENSATION exv10w31
 

EXHIBIT 10.31
Officer Compensation
2005
                                 
    Salary     Bonus     Stock Option   Restricted Stock
Name   Amount     Amount     Award   Award
 
                                
James J. Giancola,
   $ 535,000     $ 374,500       —       179,316 (1)(2)
President and Chief Executive Officer
                                
 
                                
Thomas A. Caravello,
   $ 168,000     $ 40,000       4,000       2,500  
Executive Vice President
                                
of Midwest Bank and Trust Company
                                
 
                                
Sheldon Bernstein,
   $ 181,245     $ 42,000       4,000       2,500  
Executive Vice President
                                
of Midwest Bank and Trust Company
                                
 
                                
Daniel R. Kadolph,
   $ 148,205     $ 30,000       2,000       2,000  
Senior Vice President
                                
and Chief Financial Officer
                                
 
                                
Mary M. Henthorn,
   $ 179,138     $ 42,000       4,000       2,500  
Executive Vice President
                                
of Midwest Bank and Trust Company
                                
 
                                
Edward H. Sibbald, (3)
   $ 184,000     $ —       —       —  
Executive Vice President
                                
of Midwest Bank and Trust Company
                                
 
(1)   Includes 150,000 shares pursuant to Mr. Giancola’s employment agreement dated September 28, 2004; 30,000 shares vested January 1, 2005 and the remaining 120,000 shares will vest 30,000 each on January 1 of 2006, 2007, 2008, and 2009.
 
(2)   Includes 29,316 shares in lieu of stock options for 100,000 shares of the Company’s common stock pursuant to the amendment on December 29, 2005 to Mr. Giancola’s employment agreement dated September 28, 2004.
 
(3)   Employment ended December 31, 2005.
Each of the officers listed above have been granted a transitional employment agreement and participate in the supplemental executive retirement plan.