Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 35

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 35
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 Austin, Ms. Bonvechio and Mr. Caldwell. The following table shows the bonuses paid under the plan to Ms. Austin, Ms. Bonvechio and Mr. Caldwell for services rendered in 2024. 24

| Name                    |     | Target Award (1) |     | Multiplier |     | Bonus (2) |
| Kathryn M. Austin       |     |         $105,000 |     | 72.63%     |     |   $76,262 |
| Louise M. Bonvechio     |     |          $67,500 |     | 72.63%     |     |   $49,025 |
| Christopher L. Caldwell |     |          $78,750 |     | 72.63%     |     |   $57,196 |
| Total                   |     |                  |     |            |     |  $182,482 |

| (1) | 25% of base salary at the rate in effect on December 31, 2024. |
| (2) | Earned for 2024 services and paid in February 2025.            |

For the 2023 performance period, the target award for Ms. Austin and Ms. Bonvechio was 25% of annual base salary and the applicable multiplier, based on actual attainment of the applicable weighted performance criteria, was 123.88%, resulting in bonus awards of 31.375% of base salary at the rate in effect on December 31, 2023, in the following amounts: Ms. Austin, $130,074, Ms. Bonvechio, $79,670 and Mr. Caldwell, $76,418. Incentive bonuses paid to Ms. Austin, Ms. Bonvechio and Mr. Caldwell for services rendered in the applicable years are included in the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table. The Compensation Committee periodically reviews the allocation percentages, performance tiers, performance criteria and weightings, and may recommend changes for approval by the Bank’s Board of Directors. The Company’s Board of Directors, in its discretion and in consultation with the Compensation Committee, designates participating executive officers and establishes annually minimum performance targets as well as performance criteria used to determine the incentive bonus pool. The Plan includes a recoupment provision, which provides that if the Company restates its financial statements, any current or former executive officer who received bonus compensation under the Plan may be required to reimburse the Company with