Summary of Compensation Arrangements with Executive Officers and Employee-Director Scott Gerardin
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Summary
This document outlines the salary arrangements for the Company's executive officers and employee-director Scott Gerardin as of February 28, 2006. It specifies their annual salaries from various company entities and notes that none of these individuals have formal employment agreements with the Company. Additionally, they are eligible to participate in the Company's bonus plan and 2003 Stock Purchase Plan.
EX-10.2 2 exh10_2.txt COMPENSATION ARRANGEMENTS WITH CERTAIN PERSONS 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, 2006 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 $279,000 $ 1,000 $295,000 Robert W. Orth $ 10,000 $235,100 $245,100 Scott A. Wilson $ 10,000 $227,300 $ 1,000 $238,300 Scott D. Gerardin $ 5,000 $140,000 $145,000 In addition, executive officers and Mr. Gerardin are eligible to participate in the Company's bonus plan and 2003 Stock Purchase Plan.
