Attached files
Exhibit 10.5
Approved
January 27, 2010
2010 DIRECTOR
FEES
NATIONAL PENN BANCSHARES
|
|
Outside
Directors only
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Paid
Quarterly
|
Retainers: Board
members must attend in person or by phone 75%
|
|
of
meetings (Board and Committee Meetings combined) to be
paid
|
|
retainer. Committees
include: Audit, Executive Compensation
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|
Nominating/Corp.
Governance, Directors Enterprisewide Risk
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|
Management,
Technology Risk, and Finance/Investment Committee
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|
Chairperson
of Board
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$61,200
|
Chairperson
of Audit Committee
|
16,200
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Chairperson
of Executive Committee (other than Chairperson of Board)
|
13,700
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Chairperson
of Compensation Committee
|
13,700
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Chairperson
of Nominating/Corporate Governance Committee
|
13,700
|
Chairperson
of Directors Enterprisewide Risk Management Committee
|
13,700
|
Chairperson
of Technology Risk Committee
|
13,700
|
Chairperson
of Finance/Investment Committee
|
13,700
|
All
Other Board Members
|
11,200
|
Board Meeting Fees (per meeting
attended)
|
$ 1,500
|
Committee Fees (per meeting
attended)
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|
Audit
Committee Members, including Chairperson
|
$ 750
|
Audit
Committee Meeting by Conference Call
|
750
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Chairperson
of Audit Committee also receives fee per phone
|
250
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meeting
with accountants
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|
Audit
Committee Member attendance at Executive Disclosure
|
750
|
Committee
meeting
|
|
All
Other Committee Members, including Chairperson (Executive,
|
500
|
Compensation,
Nominating/Corp Governance, Directors’
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|
Enterprisewide
Risk Management, Technology Risk, and
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|
Finance/Investment
Committee)
|
|
All
Other Committee Phone Meetings
|
500
|
Director Education
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|
Per
day (includes travel day)
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$ 750
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Strategic Planning
Workshops
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|
Entire
workshop
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$ 1,000
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NATIONAL PENN BANK
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Paid
Quarterly
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Outside
Directors only (per meeting attended)
|
|
Retainers:
|
|
Board
meetings (held quarterly)
|
$ 1,000
|
Phone
meetings
|
1,000
|
Approved
January 27, 2010
Committee Fees (per meeting
attended):
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|
Committee
Phone meetings
|
500
|
DIRECTOR EMERITUS
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|
This
retainer covers all meetings attended. Includes Bank and
|
$ 2,000
|
Bancshares
Board Meetings and any committee meetings the
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Director
Emeritus may attend.
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NATIONAL PENN BANK ADVISORY
BOARDS
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Outside
directors only
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|
Meeting Fees (per meeting unless otherwise
noted)
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|
Berks
County Advisory Board
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$ 250
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FirstService
Bank
|
250
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HomeTowne
Heritage Advisory Board - annual fee
|
6,000
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Nittany
Bank – annual fee
|
18,000
|
Nittany
Advisory – Bellefonte
|
100
|
Nittany
Advisory – State College
|
100
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KNBT
Advisory – Northern
|
250
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NATIONAL PENN WEALTH MANAGEMENT,
N.A.
|
|
Outside
directors only
|
|
Meeting Fees (per meeting
attended):
|
|
Board
Meetings
|
$ 500
|
Phone
Meetings
|
500
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Travel
expense allowance-annual (non-employees only)
|
500
|
NATIONAL PENN INSURANCE SERVICES GROUP,
INC.
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Outside
Directors only
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|
Board
Meeting Fee (per meeting attended)
|
$ 500
|
Travel
expense allowance-annual (non-employees only)
|
500
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CHRISTIANA BANK AND TRUST
COMPANY
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Outside
Directors only
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|
Meeting Fees (per meeting
attended)
|
|
Board
Meetings
|
$ 1,000
|
Audit
Committee Members, including Chairperson
|
750
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Trust
Committee Members, including Chairperson
|
500
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Travel
expense allowance-annual
|
500
|