Director Retirement Plan Agreement and Fee Determination for Thomas E. Wiseman – Ohio Valley Bank Company
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Summary
This agreement, dated March 11, 2008, is between The Ohio Valley Bank Company and Thomas E. Wiseman. It clarifies how Mr. Wiseman’s director fees are calculated for retirement, disability, and death benefits under a previously established Director Retirement Plan. The agreement specifies that only regular director fees and the annual retainer are included in benefit calculations, excluding any extra fees for serving as Lead Director. Both parties agree to these terms by signing the agreement.
EX-10.4A 5 sec10k123112_10-4a.htm EXHIBIT 10.4A DETERMINATION OF DIR FEES 12/31/12 sec10k123112_10-4a.htm
EXHIBIT 10.4(a)
DETERMINATION OF DIRECTOR’S FEES
DIRECTOR RETIREMENT PLAN AGREEMENT
AND PAYMENT OF BENEFITS
FOR
THOMAS E. WISEMAN
THIS AGREEMENT is made this 11th day of March, 2008, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the “Company”), and THOMAS E. WISEMAN (the “Director”).
The Company and the Director entered into an AMENDED AND RESTATED DIRECTOR RETIREMENT PLAN AGREEMENT on December 28, 2007 (the “Agreement”).
The Director agrees that Director’s total annual or monthly fees in sections 2.1 Normal Retirement Benefit, 2.2 Disability Benefit, and 3.1 Death During Active Service will include the Independent or Non-Independent Directors’ Fees paid monthly plus the Annual Retainer (formerly called Annual Bonus) and will not include additional fees paid to said Director as Lead Director.
The parties, by executing this Agreement hereby agree to the terms stated herein.
DIRECTOR: OHIO VALLEY BANK COMPANY
By:
Thomas E. Wiseman Title: President and Chief Executive Officer
