Description of Arrangement for Directors Fees
EX-10.23 4 ex10_23.htm EXHIBIT 10.23
Exhibit 10.23
Exhibit 10.23
Description of Arrangement for Directors Fees
Except as set forth below, the following sets forth the amount of fees payable to outside directors for their services as Directors in fiscal year 2014:
| | Restricted | |||||||
| Fees | Cash | Stock Units | ||||||
| Annual Retainer Fee | ||||||||
| Company: | ||||||||
| Chair | $ | 50,000 | $ | 54,000 | ||||
| Director | $ | 12,500 | $ | 13,000 | ||||
| NBT Bank N.A.: | ||||||||
| Chair | - | $ | 11,000 | |||||
| Director | $ | 12,500 | $ | 8,000 | ||||
| Committee Chair: | ||||||||
| Audit and Risk Management | $ | 10,000 | - | |||||
| All Other Committees | $ | 5,000 | - | |||||
| Affiliate Board Member | $ | 1,000 | - | |||||
| | ||||||||
| Fee per Board Meeting | $ | 1,000 | - | |||||
| | ||||||||
| Fee per Committee Meeting | $ | 800 | - | |||||
