2010 Directors Fee Schedule
EX-10.5 7 ex10-5.htm EXHIBIT 10.5 ex10-5.htm
Exhibit 10.5
Approved January 27, 2010
2010 DIRECTOR FEES
| NATIONAL PENN BANCSHARES | |
| Outside Directors only | Paid Quarterly |
| Retainers: Board members must attend in person or by phone 75% | |
| of meetings (Board and Committee Meetings combined) to be paid | |
| retainer. Committees include: Audit, Executive Compensation | |
| Nominating/Corp. Governance, Directors Enterprisewide Risk | |
| Management, Technology Risk, and Finance/Investment Committee | |
| Chairperson of Board | $61,200 |
| Chairperson of Audit Committee | 16,200 |
| Chairperson of Executive Committee (other than Chairperson of Board) | 13,700 |
| Chairperson of Compensation Committee | 13,700 |
| Chairperson of Nominating/Corporate Governance Committee | 13,700 |
| Chairperson of Directors Enterprisewide Risk Management Committee | 13,700 |
| Chairperson of Technology Risk Committee | 13,700 |
| Chairperson of Finance/Investment Committee | 13,700 |
| All Other Board Members | 11,200 |
| Board Meeting Fees (per meeting attended) | $ 1,500 |
| Committee Fees (per meeting attended) | |
| Audit Committee Members, including Chairperson | $ 750 |
| Audit Committee Meeting by Conference Call | 750 |
| Chairperson of Audit Committee also receives fee per phone | 250 |
| meeting with accountants | |
| Audit Committee Member attendance at Executive Disclosure | 750 |
| Committee meeting | |
| All Other Committee Members, including Chairperson (Executive, | 500 |
| Compensation, Nominating/Corp Governance, Directors’ | |
| Enterprisewide Risk Management, Technology Risk, and | |
| Finance/Investment Committee) | |
| All Other Committee Phone Meetings | 500 |
| Director Education | |
| Per day (includes travel day) | $ 750 |
| Strategic Planning Workshops | |
| Entire workshop | $ 1,000 |
| NATIONAL PENN BANK | Paid Quarterly |
| Outside Directors only (per meeting attended) | |
| Retainers: | |
| Board meetings (held quarterly) | $ 1,000 |
| Phone meetings | 1,000 |
Approved January 27, 2010
| Committee Fees (per meeting attended): | |
| Committee Phone meetings | 500 |
| DIRECTOR EMERITUS | |
| This retainer covers all meetings attended. Includes Bank and | $ 2,000 |
| Bancshares Board Meetings and any committee meetings the | |
| Director Emeritus may attend. | |
| NATIONAL PENN BANK ADVISORY BOARDS | |
| Outside directors only | |
| Meeting Fees (per meeting unless otherwise noted) | |
| Berks County Advisory Board | $ 250 |
| FirstService Bank | 250 |
| HomeTowne Heritage Advisory Board - annual fee | 6,000 |
| Nittany Bank – annual fee | 18,000 |
| Nittany Advisory – Bellefonte | 100 |
| Nittany Advisory – State College | 100 |
| KNBT Advisory – Northern | 250 |
| NATIONAL PENN WEALTH MANAGEMENT, N.A. | |
| Outside directors only | |
| Meeting Fees (per meeting attended): | |
| Board Meetings | $ 500 |
| Phone Meetings | 500 |
| Travel expense allowance-annual (non-employees only) | 500 |
| NATIONAL PENN INSURANCE SERVICES GROUP, INC. | |
| Outside Directors only | |
| Board Meeting Fee (per meeting attended) | $ 500 |
| Travel expense allowance-annual (non-employees only) | 500 |
| CHRISTIANA BANK AND TRUST COMPANY | |
| Outside Directors only | |
| Meeting Fees (per meeting attended) | |
| Board Meetings | $ 1,000 |
| Audit Committee Members, including Chairperson | 750 |
| Trust Committee Members, including Chairperson | 500 |
| Travel expense allowance-annual | 500 |
