EXHIBIT 10

SUMMARY DESCRIPTION OF CORUS BANKSHARES COMPENSATION FOR DIRECTORS

Corus Bankshares Director Compensation
Last Approved: August 29, 2006

 

 

Full Board

 

Audit Committee

 

Compensation Committee

 

Nominating Committee

 

 

 

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Fees

 

Member

 

Chairman

 

Member

 

Chairman

 

Member

 

Chairman

 

Member

 

Chairman

 

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Chairman Retainer Fee

 

 

 

 

$

0

 

 

 

 

$

20,000

 

 

 

 

$

8,000

 

 

 

 

$

0

 

(per annum)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘Regular’ Board Meetings

 

$

8,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(per meeting)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Normal Committee Meetings

 

 

 

 

 

 

 

$

6,000

 

 

 

 

$

4,000

 

 

 

 

$

3,000

 

 

 

 

(per meeting)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘Special’ Board/Committee Meetings

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

In-Person

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(per hour)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘Special’ Board/Committee Meetings

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

$

1,500

 

 

 

 

Telephonic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(per hour)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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