Summary of Compensation Arrangements with Executive Officers of Tri City Entities
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Summary
This document outlines the compensation arrangements for certain executive officers of Tri City Bankshares, Tri City National Bank, and Tri City Capital Corp as of March 16, 2008. The officers do not have formal employment agreements, but their annual salaries are specified. Additionally, they are eligible to participate in the company's bonus plan. The document lists the salary amounts for each executive across the different entities.
EX-10.1 3 exhibit101.txt SUMMARY OF COMPENSATION ARRANGEMENTS 1 Exhibit 10.1 Summary of Compensation Arrangements with Certain Persons The Company's executive officers do not have employment agreements with the Company. Their salaries as of March 16, 2008 were as follows: Tri City Tri City Tri City Name Bankshares Nat'l Bank Capital Corp Total ---- ---------- ---------- ------------ ----- Ronald K. Puetz $ 15,000 $ 307,900 $ 1,000 $ 323,900 Robert W. Orth $ 10,000 $ 259,300 - $ 269,300 Scott A. Wilson $ 10,000 $ 251,100 $ 1,000 $ 262,100 Scott D. Gerardin $ 5,000 $ 155,000 - $ 160,000 In addition, executive officers are eligible to participate in the Company's bonus plan.
