2016 Amendment to Director Deferred Fee Agreement between The Ohio Valley Bank Company and Directors

Summary

This agreement is between The Ohio Valley Bank Company and certain directors, amending the definition of "Fees" in their existing Deferred Fee Agreements. Effective January 1, 2017, "Fees" now only includes the total annual board retainer and monthly fees, excluding lead director, committee, chair, or other special fees. The agreement clarifies which director payments are eligible for deferral under the plan. It was executed individually with each listed director in December 2016.

EX-10.17 7 sec10k123116_ex10-17.htm 2016 DETERMINATION OF DIRECTOR'S DEFERRED FEE AGREEMENT

EXHIBIT 10.17

The following form of agreement was executed by The Ohio Valley Bank Company and each of the following directors on the dates indicated beside their names:

Name		Date of Agreement

David W. Thomas		December 20, 2016

Harold A. Howe		December 13, 2016

Thomas E. Wiseman		December 13, 2016

Anna P. Barnitz		December 13, 2016

Brent A. Saunders		December 13, 2016

2016 DETERMINATION OF DIRECTOR'S FEES

FOR PURPOSES OF THE DIRECTOR DEFERRED FEE AGREEMENT

FOR _____________

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and _________ (the "Director").

The Company and the Director entered into a DEFERRED FEE AGREEMENT most recently amended on ___________ (the "Agreement").

The Director agrees that the definition of "Fees" in Section 1.10 be amended to read as follows effective for deferrals on or after January 1, 2017:

1.10 "Fees" means the total annual board retainer and monthly fees paid to all directors, earned by the Director during a Plan Year. For purposes of clarity, Fees does not include any lead director fees, committee meeting or chair fees or other special director fees.

The parties, by executing this Agreement hereby agree to the terms stated herein.

DIRECTOR:		THE OHIO VALLEY BANK COMPANY


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