Summary of Director Compensation for Tri City National Bank and Tri City Bankshares Corporation (2007)
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Summary
This document outlines the compensation structure for non-employee directors and committee members of Tri City National Bank and Tri City Bankshares Corporation as of January 5, 2007. Non-employee directors receive an annual retainer and additional fees for attending board and committee meetings, while salaried officers serving as directors do not receive extra compensation. Committee members receive specific annual or per-meeting payments, with compensation varying by committee and role. All compensation terms are reviewed and approved annually by the Board of Directors.
EX-10.4 3 exh104_06.txt SUMMARY OF DIRECTOR COMPENSATION EXHIBIT 10.4 SUMMARY OF DIRECTOR COMPENSATION Attached is Schedule B which 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 10.4 Continued SCHEDULE B JANUARY 5, 2007 DIRECTORS' COMPENSATION: Non-employee Directors $14,000 annual retainer - ------------------------ plus $1,500 per meeting attended of Tri City National Bank and $300 per meeting attended of Tri City Bankshares Corporation, payable quarterly EXECUTIVE COMMITTEE: Annual compensation, payable quarterly: - -------------------- Henry Karbiner,Jr., Chairman Henry Karbiner, Jr. - no compensation Ronald K. Puetz Ronald K. Puetz - no compensation William Gravitter William Gravitter $17,900 Sanford Fedderly Sanford Fedderly $12,150 Christ Krantz Christ Krantz $ 5,600 LOAN COMMITTEE: - --------------- William Werry, Chairman Non-employee Directors: Robert W. Orth Chairman $750 per meeting attended Sanford Fedderly Other members $500 per meeting attended William Gravitter Payable quarterly Henry Karbiner, Jr. Christ Krantz Ronald K. Puetz Scott A. Wilson AUDIT COMMITTEE: - ---------------- William N. Beres, Chairman Chairman $10,000 per annum, payable quarterly Sanford Fedderly Non-employee members $250 per meeting attended Christ Krantz Payable quarterly Brian McGarry CRA/COMPLIANCE COMMITTEE: - ------------------------- Scott A. Wilson, Chairman Non-employee Directors: David A. Ulrich, Jr. $250 per meeting attended, payable quarterly Scott D. Gerardin Georgia Franecki Douglas Schnier Michael Koenen Michael Phillips Mark Dandrea Kristen Gagliano
