Summary of Compensation Arrangements for Named Executive Officers of Tompkins Financial Corporation

Exhibit 10.1

Summary of Compensation Arrangements for Named Executive Officers of Tompkins Financial Corporation

The three major components of the Company’s executive officer compensation are (i) base salary, (ii) annual bonus and (iii) long-term, equity based incentive awards. Following is a description of the compensation arrangements that were approved by the Independent Directors at the January 27, 2009, meeting of the Company’s Board of Directors, upon recommendation of the Compensation Committee for the Company’s Named Executive Officers, which officers were determined by reference to the Company’s Proxy Statement on Schedule 14-A, filed April 1, 2008 (the “2008 Proxy”).

Base Salary

On January 27, 2009, the Board of Directors approved the following base annual salaries, effective January 1, 2009, for the following Named Executive Officers:

Annual Bonus

Upon recommendation of the Compensation Committee, the Board of Directors approved on January 27, 2009, the following