NBT Bancorp 2012 Outside Directors Fee Arrangement
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Summary
This document outlines the compensation structure for outside directors of NBT Bancorp for the 2012 fiscal year. It specifies annual retainers, meeting fees, and restricted stock awards for both members and chairpersons of the board and its committees. Directors receive cash payments and restricted stock based on their roles and attendance at board and committee meetings, including telephonic meetings. The arrangement details different fee amounts for chairpersons and regular members, ensuring transparent and structured compensation for board service.
EX-10.21 3 ex10_21.htm EXHIBIT 10.21 ex10_21.htm
Exhibit 10.21
Description of Arrangement for Directors Fees
Except as set forth below, the following sets forth the amount of fees payable to outside directors of NBT Bancorp for their services as Directors in fiscal year 2012:
| Event | Fee |
| Annual retainer | Cash (Chairman) - $50,000 Cash (Member) - $12,500 Cash (Chair) Audit and Risk Management Committee - $10,000 Cash (Chairs) Other Committees - $5,000 Restricted Stock (Member) - $13,000 Restricted Stock (Chairman) - $54,000 |
| Board meeting attended | Cash (Member) - $1,000 per meeting Cash (Chairman) - $1,000 per meeting |
| Telephonic board meeting | Cash (Member) - $1,000 per meeting Cash (Chairman) - $1,000 per meeting |
| Committee meeting attended | Cash (Member) - $800 per meeting Cash (Chairman) - $800 per meeting |
| Telephonic committee meeting | Cash (Member) - $800 per meeting Cash (Chairman) - $800 per meeting |
