Split-Dollar Agreements Between Park National Corporation Subsidiaries and Key Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists split-dollar agreements entered into between subsidiaries of Park National Corporation and several of its key executives. The agreements, which are identical to a previously filed split-dollar agreement, outline arrangements regarding life insurance policies for these executives. The agreements specify the parties involved, the dates of execution, and the subsidiaries participating. The main obligation is the provision and management of life insurance benefits for the named executives, with each agreement effective as of its respective date.

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EX-10.2 5 l05789aexv10w2.txt EXHIBIT 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 - ----------------------------------------- ------------------ ---------------------- C. Daniel DeLawder - President, Chief May 26, 1993 Park National Bank Executive Officer and a Director of Park and of Park National Bank; a Director of The Richland Trust Company; a 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.