Summary of Compensation Arrangements for Executive Officers and Employee-Director Scott Gerardin
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Summary
This document outlines the compensation details for the executive officers and employee-director Scott Gerardin of the company as of February 28, 2005. It specifies their annual salaries and states that none of these individuals have employment agreements with the company. Additionally, they are eligible to participate in the company's bonus plan and 2003 stock purchase plan. The arrangement does not set forth any further contractual obligations or time limits.
EX-10.2 3 exh102.txt SUMMARY OF COMPENSATION ARRANGEMENTS Exhibit 10.2 Summary of Compensation Arrangements with Certain Persons The Company's executive officers and Mr. Scott Gerardin, an employee-director, do not have employment agreements with the Company. Their salaries as of February 28, 2005 were as follows: Tri City Tri City Tri City Nat'l Capital Name Bankshares Bank Corp Total Henry Karbiner, Jr $ 70,000 $395,000 $ 1,500 $466,590 Ronald K. Puetz $ 15,000 $265,000 $ 1,000 $281,000 Robert W. Orth $ 10,000 $223,100 $233,000 Scott A. Wilson $ 10,000 $215,300 $ 1,000 $226,300 Scott D. Gerardin $128,400 $128,400 In addition, executive officers and Mr. Gerardin are eligible to participate in the Company's bonus plan and 2003 stock purchase plan.
