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Exhibit 10.5
Pinnacle Bankshares Corporation
Directors’ Annual Compensation
As of March 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 | $ | 1,000 | |
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 |