Pinnacle Bankshares Corporation Directors Annual Compensation As of December 31, 2010
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EX-10.5 2 dex105.htm DIRECTORS' ANNUAL COMPENSATION Directors' Annual Compensation
Exhibit 10.5
Pinnacle Bankshares Corporation
Directors’ Annual Compensation
As of December 31, 2010
| Amount | ||||
| Annual Retainer | ||||
| Service as Director for the Company | $ | 2,000 | ||
| Service as Director for the Bank | $ | 4,000 | ||
| Additional Retainer | ||||
| Additional Retainer for Chairman of the Board | $ | 1,500 | ||
| Additional Retainer for Vice Chairman of the Board | $ | 500 | ||
| Additional Retainer for Chair of Audit Committee | $ | 1,500 | ||
| Additional Retainer for Chair of Compensation Committee | $ | 1,000 | ||
| Meeting Fees (Non-Employee Directors) | ||||
| Committee Meetings for the Company | $ | 250 per meeting | ||
| Committee Meetings for the Bank | $ | 250 per meeting | ||
