Ex-10.7 Director Compensation Summary



 





EXHIBIT
10.7




Director* Compensation Summary




Meeting Fees




For each meeting of the board of directors of Civitas BankGroup, Inc., a Tennessee corporation,
(the “Company”), attended, a director receives $700, except for the Chairman who receives $800 for
each meeting attended.



Directors are reimbursed for their expenses incurred in connection with their activities as the
Company’s directors.



Committee Meeting Fees




Each Executive Committee member receives $500 for each committee meeting attended, except for the
Chairman of the Executive Committee who receives $600 per committee meeting. Each Audit Committee
member receives $500 for each monthly committee meeting attended, except for the Chairman of the
Audit Committee who receives $600 per committee meeting attended. Each Personnel Committee member
receives $500 for each committee meeting attended, except for the Chairman of the Personnel
Committee who receives $600 for each committee meeting attended.



In addition, each director of the Company that is also a director of Cumberland Bank, the Company’s
wholly-owned subsidiary (the “Bank”), is compensated for his service on such board and any
committees thereof, if the director is not also an employee of the Bank. For each meeting of the
board of directors of the Bank attended, each non-employee director receives $500, except for the
Chairman who receives $600 for each meeting attended. Each member of a committee of the Bank
receives $300 for each committee meeting attended, except for the Chairman of such committee who
receives $400 for each committee meeting attended.



Equity Compensation




Each director is eligible to participate in the Company’s Stock Option Plan.



The foregoing information is summary in nature. Additional information regarding director
compensation will be provided in the Company’s proxy statement to be filed in connection with the
2007 annual meeting of the Company’s shareholders.





 




			
	*	 	Includes directors that are also employees of the Company.




 









 










Named Executive Officer Compensation Summary



The following table sets forth the current base salaries paid to the Company’s President and Chief
Executive Officer and its other named executive officers and the amount of the paid to these
persons for 2006.




	 	 	 	 	 
	Executive Officer	 	Current Salary	 
	Richard Herrington, President and Chief Executive Officer
of the Company
	 	$	224,972	 
	Danny
Herron, Executive Vice President of the Company and President and Chief Executive Officer of Cumberland Bank
	 	$	177,923	 
	Lisa Musgrove, Executive Vice President, Chief Operating
Officer and Chief Financial Officer of the Company
	 	$	147,800	 
	C. Richard Bobo, Chief Credit Officer of Cumberland Bank
	 	$	134,375	 
	Ashley Hill, Director of Risk Management of the Company
	 	$	104,000	 





In addition to their base salaries, these executive officers are also eligible to:





	 	•	 	Participate in the Company’s bonus plan;






	 	•	 	Participate in the Company’s equity incentive programs, which currently involves
the award of stock options pursuant to the Company’s Stock Option Plan; and






	 	•	 	Participate in the Company’s broad-based benefit programs generally available to
its employees, including health, disability and life insurance programs and the
Company’s 401(k) Plan and Employee Stock Purchase Plan.




The foregoing information is summary in nature. Additional information regarding the named
executive officer compensation will be provided in the Company’s proxy statement to be filed in
connection with the 2007 annual meeting of the Company’s shareholders.