Split-Dollar Agreements Between Park National Corporation Subsidiaries and Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists executives of Park National Corporation and its subsidiaries who entered into Split-Dollar Agreements with various Park subsidiaries. The agreements, identical to a previously filed agreement, outline arrangements regarding life insurance policies between the company and the executives. Key obligations and terms are not detailed here, but the agreements generally involve sharing benefits and costs of life insurance policies. The listed agreements were executed between 1993 and 1998 with specific executives and subsidiaries.

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EX-10.3 5 l12650aexv10w3.txt EXHIBIT 10.3 SCHEDULE A TO EXHIBIT 10.3 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 Executive Committee of the Board of Directors and a Director of each of Park and 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):
Name and Positions Held With Park Subsidiary of Park and/or Principal Date of Split- which is Party to Subsidiaries of Park Dollar Agreement Split-Dollar Agreement - ---------------------------------- ------------------ ---------------------- C. Daniel DeLawder - Chairman of May 26, 1993 Park National Bank the Board, Chief Executive Officer and a Director of each of Park and Park National Bank; a Director of The Richland Trust Company; a Director of Second National Bank; a Member of the Advisory Board of the Fairfield National Division of Park National Bank John W. Kozak - Chief Financial June 2, 1993 Park National Bank Officer of Park; Senior Vice President and Chief Financial Officer of Park National Bank; a Director of Century National Bank William A. Phillips - a Director May 22, 1998 Century National Bank of Park; Chairman of Board and a Director of Century National Bank David L. Trautman - President, September 23, 1993 Park National Bank Secretary and a Director of Park; 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.