Union National Financial Corporation Board of Director Fees Schedule (2005–2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for members of the Board of Directors of Union National Financial Corporation for the years 2005 and 2006. It specifies annual retainers, per-meeting fees for board and committee meetings, and annual salaries for the Chairman and Vice Chairman, with certain payments applicable only to independent outside directors. The Chairman's salary does not apply in 2006 as the position is held by the company's President and CEO.

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EX-10.13 2 ex10w13.txt BOARD OF DIRECTOR FEES EXHIBIT 10.13 _____________ Board of Director Fees The following table sets forth the director fees for 2005 and 2006:
2005 2006 Annual Retainer $5,000 $5,000 Board Meetings $630 per meeting $670 per meeting Audit Committee Meetings $295 per meeting $300 per meeting All Other Committee Meetings $190 per meeting $200 per meeting Chairman's Annual Salary* $9,700 N/A Vice Chairman's Annual Salary* $4,850 $5,000 *These salaries only apply to independent outside directors; this payment will not apply for the Chairman in 2006 as that position is filled by Mark D. Gainer who also serves as President and Chief Executive Officer of Union National Financial Corporation.