DETERMINATION OF DIRECTOR’S FEES DIRECTOR RETIREMENT PLAN AGREEMENT AND PAYMENT OF BENEFITS FOR THOMAS E. WISEMAN
EXHIBIT 10.4(a)
DETERMINATION OF DIRECTOR’S FEES
AND PAYMENT OF BENEFITS
FOR
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THIS AGREEMENT is made this 11th day of March, 2008, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the “Company”), and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (the “Director”).
The Company and the Director entered into an AMENDED AND RESTATED DIRECTOR RETIREMENT PLAN AGREEMENT on December 28, 2007 (the “Agreement”).
The Director agrees that Director’s total annual or monthly fees in sections 2.1 Normal Retirement Benefit, 2.2 Disability Benefit, and 3.1 Death During Active Service will include the Independent or Non-Independent Directors’ Fees paid monthly plus the Annual Retainer (formerly called Annual Bonus) and will not include additional fees paid to said Director as Lead Director.
The parties, by executing this Agreement hereby agree to the terms stated herein.
DIRECTOR: OHIO VALLEY BANK COMPANY
By:
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: President and Chief Executive Officer