Summary of Director Compensation for Tri City Bankshares Corp. and Tri City National Bank (2005)
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Summary
This document outlines the compensation structure for non-employee directors and committee members of Tri City Bankshares Corp. and Tri City National Bank as of January 6, 2005. 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. Specific compensation amounts are detailed for various committees, with payments made quarterly. The compensation schedule is reviewed and approved annually by the Board of Directors.
EX-10.4 5 exh104.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 6, 2005 DIRECTORS' COMPENSATION: Non-employee Directors $12,000 annual - ----------------------- retainer plus $1,000 per meeting attended of Tri City National Bank and $300 per meeting of attended of Tri City Bankshares Corp, 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: Non-employee Directors: - --------------- William Werry, Chairman Chairman $750 per meeting attended Robert W. Orth Other member $500 per meeting attended Sanford Fedderly Payable quarterly William Gravitter Henry Karbiner, Jr. Christ Krantz Ronald K. Puetz Scott A. Wilson AUDIT COMMITTEE: Chairman $8,000 per annum, payable - ---------------- quarterly. Non-employee members $250 per meeting attended-Payable quarterly CRA/COMPLIANCE COMMITTEE: Non-employee Directors: - ------------------------- $250 per meeting attended, payable quarterly
