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EXHIBIT 10.21

Description of Arrangement for Directors Fees

Except as set forth below, the following sets forth the amount of fees payable
to outside directors for their services as Directors in fiscal year 2013:

         
Restricted
 
Fees
 
Cash
   
Stock Units
 
Annual Retainer Fee
           
Company:
           
Chair
  $ 50,000     $ 54,000  
Director
  $ 12,500     $ 13,000  
NBT Bank N.A.:
               
Chair
    -     $ 11,000  
Director
  $ 12,500     $ 8,000  
Committee Chair:
               
Audit and Risk Management
  $ 10,000       -  
All Other Committees
  $ 5,000       -  
Affiliate Board Member
  $ 1,000       -                    
Fee per Board Meeting
  $ 1,000       -                    
Fee per Committee Meeting
  $ 800       -  

 

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