Summary of Director and Committee Member Compensation for Tri City National Bank and Tri City Bankshares Corporation
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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. Non-employee directors receive an annual retainer and additional fees for attending board and committee meetings, with specific amounts detailed for each committee. Directors who are salaried officers do not receive additional compensation. The compensation schedule is reviewed and approved annually by the Board of Directors.
EX-10.4 3 exh10_4.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, 2006 DIRECTORS' COMPENSATION: Non-employee Directors $12,000 annual - ------------------------ retainer plus $1,200 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 $8,000 per annum, Sanford Fedderly payable quarterly Christ Krantz Non-employee members $250 per meeting attended Payable quarterly CRA/COMPLIANCE COMMITTEE: Scott A. Wilson, Chairman Non-employee Directors: David A. Ulrich, Jr. $250 per meeting attended, Scott D. Gerardin payable quarterly Gary Grobner Craig Dedrick Michael Koenen Michael Phillips Mark Dandrea Sandra Vitrano Daniel Schifano
