Summary of Compensation Arrangements for Executive Officers of Tri City Entities

Contract Categories: Human Resources › Compensation Agreements
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 February 28, 2007. It lists the annual salaries for each executive across the three entities and notes that none of the executives have formal employment agreements with the company. Additionally, it states that these officers are eligible to participate in the company's bonus plan.

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EX-10.2 2 exh102_06.txt COMPENSATION ARRANGEMENTS WITH CERTAIN PERSONS EXHIBIT 10.2 SUMMARY OF COMPENSATION ARRANGEMENTS WITH CERTAIN PERSONS The Company's executive officers do not have employment agreements with the Company. Their salaries as of February 28, 2007 were as follows: Tri City Tri City Tri City Name Bankshares Nat'l Bank Capital Corp Total - -------------------------- ---------- ---------- ------------ --------- Henry Karbiner, Jr $ 70,000 $ 405,090 $ 1,500 $ 476,590 Ronald K. Puetz $ 15,000 $ 292,900 $ 1,000 $ 308,900 Robert W. Orth $ 10,000 $ 246,800 $ 256,800 Scott A. Wilson $ 10,000 $ 238,600 $ 1,000 $ 249,600 Scott D. Gerardin $ 5,000 $ 147,000 $ 152,000 In addition, executive officers are eligible to participate in the Company's bonus plan.