Description of Arrangement for Directors Fees
EX-10.23 4 ex10_23.htm EXHIBIT 10.23 ex10_23.htm
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 of NBT Bancorp for their services as Directors in fiscal year 2010:
| 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 - $7,500 Restricted Stock (Member) - $12,500 Restricted Stock (Chairman) - $50,000 |
| 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) - $600 per meeting Cash (Chairman) - $600 per meeting |
| Telephonic committee meeting | Cash (Member) - $600 per meeting Cash (Chairman) - $600 per meeting |
