Director and Committee Member Compensation Schedule for Tri City National Bank and Tri City Bankshares Corporation (2012)
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Compensation Agreements
Summary
This agreement outlines the compensation for non-salaried directors and committee members of Tri City National Bank and Tri City Bankshares Corporation as of January 18, 2012. Non-salaried directors receive an annual retainer and per-meeting fees, while committee members receive additional compensation based on their roles and attendance. Salaried officers serving as directors do not receive extra compensation. The compensation schedule is reviewed and approved annually by the Board of Directors and is payable quarterly.
EX-10.2 3 ex10-2.htm EX 10.2 ex10-2.htm
EXHIBIT 10.2
Summary of Director Compensation
Attached is Schedule B that details Board of Director and Committee Member compensation. Directors that are salaried officers of the corporation receive no director or committee compensation. Schedule B is approved annually by the Board of Directors.
EXHIBIT 10.2 Continued
SCHEDULE B
JANUARY 18, 2012
| DIRECTORS’ COMPENSATION: | Non-salaried Directors $18,500 annual retainer plus $1,800 per meeting attended of Tri City National Bank and $400 per meeting attended of Tri City Bankshares Corporation, payable quarterly |
| EXECUTIVE COMMITTEE: | Annual compensation, payable quarterly: |
| Ronald K. Puetz | Ronald K. Puetz – no compensation |
| William Gravitter | William Gravitter | $20,000 |
| Sanford Fedderly | Sanford Fedderly | $13,600 |
| Christ Krantz | Christ Krantz | $ 6,300 |
| Brian T. McGarry | Brian T. McGarry | $ 6,300 |
| Plus $1,800 per meeting attended |
| LOAN COMMITTEE: | |
| William Werry, Chairman | Non-salaried Directors: |
| Robert W. Orth | Chairman $900 per meeting attended |
| Sanford Fedderly | Other members $600 per meeting attended |
| William Gravitter | Payable quarterly |
| Christ Krantz | |
| Ronald K. Puetz | |
| Scott A. Wilson | |
| Brian T. McGarry | |
| AUDIT COMMITTEE: | |
| William N. Beres, Chairman | Chairman $11,750 per annum, payable quarterly |
| Sanford Fedderly | Non-salaried members $375 per meeting attended |
| Christ Krantz | Payable quarterly |
| CRA/COMPLIANCE COMMITTEE | |
| Scott A. Wilson, Chairman | Non-salaried Directors: |
| David A. Urlich, Jr. | $375 per meeting attended, payable quarterly |
| Scott D. Gerardin | |
| Georgia Franecki | |
| Joseph Porter | |
| Michael Koenen | |
| William Zick | |
| Mark Dandrea | |
| Kristen Gagliano |
