Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 27

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 27
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 performance goals under the Officer Incentive Plan and approving matters relating to other compensation plans. The Committee also performs the functions of a human resources committee for Community National Bank. Under the Committee’s charter at least a majority of the members of the Committee must be independent. A report of the Committee regarding executive compensation is set forth elsewhere in this proxy statement under the caption “COMPENSATION COMMITTEE REPORT.” 17 The members of the Compensation Committee are Aminta Conant (Chair), Thomas Adams, Kathryn Austin, Bruce Baker, David Bouffard, Stephen Marsh, Carol Martin and James Wheeler. During 2024, the Committee met two times. The Committee’s charter is available on the Company’s website at www.communitybancorpvt.com. Corporate Governance/Nominating Committee .The Corporate Governance/Nominating Committee considers and makes recommendations on matters related to the practices, policies and procedures of the Board and takes a leadership role in shaping the Company’s corporate governance environment. As part of its duties, the Committee assesses the size, structure and composition of the Board and its committees, coordinates evaluation of Board and committee performance, makes recommendations as to the structure of Board meetings and flow of information to the Board and reviews Board compensation. The Committee also reviews and makes recommendations to the Board as to the size, structure, composition and functions of the Bank’s advisory council. Under the Committee’s charter at least a majority of the members of the Committee must be independent. The Committee also acts as a screening and nominating committee for candidates considered for appointment or election to the Board. In this capacity it has established minimum criteria for Board nominees. The Committee believes it would be desirable for a Board candidate to possess the following characteristics:

| ● | have experience in the management or leadership of a substantial private business enterprise, educational,          
 religious or not-for-profit organization, or such other professional experience as the Committee deems appropriate; |

| ● | be a shareholder of the Company; |

| ● | be willing and able to devote full interest and attendance to the Board and its committees; |

| ● | bring business to the Company and its trust company affiliate, CFSG, including personal, business and 
 investment accounts;                                                                                  |

| ● | help develop business and promote the Company and its subsidiary and affiliate throughout our service 
 area;                                                                                                 |

| ● | provide advice and counsel to the Board and senior management; |

| ● | bring a diversity of interests to the Board as evidenced by participation in community, charitable or 
 other similar activities;                                                                             |

| ●