SBI Director Compensation Schedule Effective January 2009

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for members of the SBI Board of Directors, effective January 2009. It specifies annual retainers for board members and committee chairs, as well as fees for attending board and committee meetings, including those for subsidiary boards. It also details reduced fees for telephonic participation, subject to guidelines set by the respective chairs. The schedule ensures board members are compensated for their roles and participation in meetings.

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EX-10.31 21 dex1031.htm DIRECTOR COMPENSATION SCHEDULE Director Compensation Schedule

Exhibit 10.31

SBI Board Compensation Proposal

Effective January, 2009

SBI Board Member Retainers

 

Board Member -

    $ 25,000

Audit Committee Chair -

    $ 10,000

Compensation Committee Chair -

    $ 7,000

Nominating Committee Chair -

    $ 5,000

SBI Board and Committee Meeting Fees

 

Board Meeting Fee -

    $ 1,500

Committee Meeting Fee -

    $ 1,200

Subsidiary Board and Committee Meeting Fees

 

Susquehanna Bank Board Meeting Fee -

    $ 1,200

Other Boards and Committees Meeting Fee -

    $ 1,000

Telephonic Participation Meeting Fees

 

  •  

Telephonic participation guidelines will be established by the Chair of each Board and committee.

 

  •  

In the event telephonic participation is permitted by the Chair, the telephonic meeting fee will be 60% of the in-person meeting fee. (Single topic teleconferences not compensated.)