Summary of Compensation Paid to President and Chief Executive Officer and Executive Vice President and Chief Operating Officer of First Century Bankshares Inc.Executive Compensation Plan Agreement |
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Exhibit 10(d)
Summary of Compensation Paid to President and Chief Executive Officer and Executive Vice President and Chief
Operating Officer of First Century Bankshares Inc.
On December 14, 2004, the Compensation Committee (the “Committee”) of First Century Bankshares, Inc. (the “Company”) met to review the performance of the Company for 2004, to establish the salary for 2005 for the President and Chief Executive Officer and the Executive Vice President and Chief Operating Officer, and to determine the whether to award bonuses under the Executive Bonus Plan.
Base Salaries
On December 14, 2004, the Committee approved a new base salary for 2005 for Mr. R.W. Wilkinson, the Chairman of the Board of Directors and the President and Chief Executive Officer of the Company and Mr. Frank W. Wilkinson, the Executive Vice President and Chief Operating Officer of the Company. The base salaries for Mr. R.W. Wilkinson and Mr. Frank Wilkinson were based on:
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