Split-Dollar Agreements Between Park National Corporation Subsidiaries and Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists several executive officers and directors of Park National Corporation and its subsidiaries who entered into Split-Dollar Agreements with various Park subsidiaries. These agreements, identical to a previously filed agreement with William T. McConnell, outline arrangements regarding life insurance policies, typically involving shared premium payments and benefits between the company and the executive. The agreements were executed on various dates between 1993 and 1998 and involve key personnel from Park National Bank, Century National Bank, and other affiliates.

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EX-10.2 5 l99435aexv10w2.txt EX-10.2 SCHEDULE A TO EX-10.2 SCHEDULE A TO EXHIBIT 10.2 The following individuals entered into Split-Dollar Agreements with the subsidiaries of Park National Corporation ("Park") identified below which are identical to the Split-Dollar Agreement, dated May 17, 1993, between William T. McConnell, Chairman of the Board and a Director of Park and of The Park National Bank ("Park National Bank") and Park National Bank filed as Exhibit 10(f) to Park's Annual Report on Form 10-K for the fiscal year ended December 31, 1993 (File No. 0-18772):
Subsidiary of Park Name and Positions Held With Park Date of Split- which is Party to and/or Principal Subsidiaries of Park Dollar Agreement Split-Dollar Agreement - ------------------------------------- ---------------- ---------------------- David C. Bowers - Retired Secretary of June 2, 1993 Park National Bank Park; Retired Executive Vice President and a Director of Park National Bank C. Daniel DeLawder - President, Chief May 26, 1993 Park National Bank Executive Officer and a Director of Park and of Park National Bank; Director of The Richland Trust Company; Director of Second National Bank John W. Kozak - Chief Financial Officer June 2, 1993 Park National Bank of Park; Senior Vice President and Chief Financial Officer of Park National Bank; a Director of Century National Bank William A. Phillips - a Director of Park; May 22, 1998 Century National Bank Chairman of Board and a Director of Century National Bank David L. Trautman - Secretary of Park; September 23, 1993 Park National Bank Executive Vice President and a Director of Park National Bank; Chairman of the Board and a Director of The First-Knox National Bank of Mount Vernon; a Director of United Bank, N.A.