Summary of Compensation Arrangements for Executive Officers of Tri City Bankshares and Affiliates

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for executive officers of Tri City Bankshares, Tri City National Bank, and Tri City Capital Corp. as of February 28, 2009. It lists the annual salaries for named executives and states that they do not have employment agreements with the company. Additionally, the executive officers are eligible to participate in the Bank's bonus plan.

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EX-10.1 8 exh1012008.txt SUMMARY OF COMPENSATION ARRANGEMENTS WITH CERTAIN PERSONS Exhibit 10.1 Summary of Compensation Arrangements with Certain Persons The Bank's executive officers do not have employment agreements with the Registrant. Their salaries as of February 28, 2009 were as follows: Tri City Tri City Tri City Name Bankshares National Bank Capital Corp. Total ---------- ------------- ------------ ---------- Ronald K. Puetz $ 40,000 $ 385,000 $ 1,500 $ 426,500 Robert W. Orth $ 20,000 $ 313,000 $ 1,000 $ 334,000 Scott A. Wilson $ 20,000 $ 283,000 $ 1,000 $ 304,000 Scott D. Gerardin $ 5,000 $ 162,000 $ 167,000 In addition, executive officers are eligible to participate in the Bank's bonus plan.