Exhibit 10.2
FIRST US BANCSHARES, INC. NON-EMPLOYEE DIRECTOR FEE SCHEDULE
(Effective 3/12/26)
RETAINER SCHEDULE
DIRECTOR: |
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| $25,200 annually |
NON-EXECUTIVE BOARD CHAIR: |
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| + $12,500 annually |
LEAD INDEPENDENT DIRECTOR: |
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| + $12,500 annually |
COMMITTEE CHAIR: |
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Audit |
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| + $10,000 annually |
Compensation |
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| + $ 6,500 annually |
Nominating and Corporate Governance |
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| + $ 6,500 annually |
Other (ALCO, DLC, Executive, ROC, ITSC, TN New Business) |
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| + $ 6,500 annually |
Annual Equity Awards
Non-employee directors will be eligible for annual equity awards under the First US Bancshares, Inc. 2023 Incentive Plan in such form and amount as determined by the Compensation Committee.
Mileage
Any non-employee director attending a board, committee or special meeting outside the county in which the director resides will be paid mileage at the Company’s mileage reimbursement rate. Any officer or employee attending such meeting will be paid mileage at the same rate if a Company vehicle is not assigned to the officer or employee.
Other Expenses
Any non-employee director that may incur expenses for travel, training, customer entertainment or other such Company-related item shall complete the Company’s standard reimbursement claim form and submit it to the CEO. If approved by the CEO, the non-employee director will be reimbursed for such Company-related expense according to existing Company Policy.
Meetings may be attended in person or via conference call.