DirectorCompensation CommitteeApproved January 22, 2008 BoardApproved February 19, 2008 EffectiveJanuary 1, 2008
EX-10.13 5 ex10-13directorfeesch.htm PCBK DIRECTOR FEE SCHEDULE ex10-13directorfeesch.htm
Director Compensation
Committee Approved January 22, 2008
Board Approved February 19, 2008
Effective January 1, 2008
Board of Director Retainer:
Outside directors to receive an annual retainer of $24,000 to be paid monthly ($2,000) at the beginning of the month following the month of service. Directors may miss a maximum of two scheduled board meetings without penalty.
Special Service Retainer
Special service retainers are paid the month following the end of the quarter for the following service
Board Chair $1,500
Audit Chair $1,500
Compensation Chair $500
Governance/Nominating Chair$500
ALCO Chair $500
Committee Meetings
In addition to the annual retainer, attendance at committee meetings entitles outside directors to additional compensation as shown below.
| Committee | Meeting Fee |
| Audit In-person meetings Scheduled telephone meetings | $150 $100 |
| ALCO | $100 |
| Compensation | $100 |
| Executive | $100 |
| Governance/Nominating | $100 |
Equity Compensation
Annually, subject to full board approval and vesting qualifications, outside directors will receive an equity award (restricted stock) with an economic value approximating 25% of the annual retainer or $6,000.
