EXHIBIT 10.7.4
FEDERAL HOME LOAN BANK OF
BOSTON
2009 DIRECTOR COMPENSATION
POLICY
A fee of $4,875 per meeting shall be paid to all
Directors that attend all or part of a meeting of the Board of
Directors. A fee of $5,500 per meeting shall be paid to the
chair of all committees except for the chair of the Audit Committee
which shall be $6,125 per meeting. A fee of $6,125 per
meeting shall be paid to the vice chair of the Board. A fee
of $6,750 per meeting shall be paid to the chair of the
Board. This fee shall also be provided to any person elected
by the Board to serve as chairman pro tempore or to the vice chair
if the vice chair presides for an entire meeting of the
Board. There are ten regularly scheduled meetings in
2009.
A fee of $2,000 per meeting shall be paid to all
committee members, including ex officio members, who attend all or
any part of any meeting of a committee of the Board. A fee of
$2,000 shall be paid to any director who attends all or part of the
annual shareholders meeting.
A fee of $1,325 per meeting shall be paid to any
Director for participation in telephonic conference calls or when
participating by telephone for all or any part of a meeting in
which the Director would be entitled to receive a meeting fee for
in-person attendance at such meeting.
Fees shall be paid per meeting. For
example, if a Board meeting and committee me
