Attached files
Exhibit 10.5
Pinnacle Bankshares Corporation
Directors’ Annual Compensation
As of December 31, 2010
| Amount | ||||
| Annual Retainer |
||||
| Service as Director for the Company |
$ | 2,000 | ||
| Service as Director for the Bank |
$ | 4,000 | ||
| Additional Retainer |
||||
| Additional Retainer for Chairman of the Board |
$ | 1,500 | ||
| Additional Retainer for Vice Chairman of the Board |
$ | 500 | ||
| Additional Retainer for Chair of Audit Committee |
$ | 1,500 | ||
| Additional Retainer for Chair of Compensation Committee |
$ | 1,000 | ||
| Meeting Fees (Non-Employee Directors) |
||||
| Committee Meetings for the Company |
$ | 250 per meeting | ||
| Committee Meetings for the Bank |
$ | 250 per meeting | ||