EX-10.1 2 exhibit10110q2021q1.htm EX-10.1
PART II: OTHER INFORMATION
ITEM 6. EXHIBITS
EXHIBIT-10.1
First Merchants Corporation
Non-Employee Director Compensation Schedule
Adopted by Board of Directors on February 9, 2021
Effective as of January 1, 2021, the following fees shall be paid to the non-employee members of the Board of Directors of First Merchants Corporation:

Service |  | Annual Amount |  | Increase from Prior
Board Retainer |  | $ | 115,000 |  |  | $ | 20,000 |
Audit Committee Retainer |  | 5,000 |  |  | 5,000 |
Risk and Credit Policy Committee Retainer |  | 5,000 |  |  |
Board Chair Supplemental Fee |  | 50,000 |  |  |
Committee Chair Supplemental Fee: |  |  |  |
Audit |  | 15,000 |  | * |
Compensation and Human Resources |  | 10,000 |  |  |
Risk and Credit Policy |  | 10,000 |  |  |
Nominating and Governance |  | 7,500 |  |  |
•Committee Chair does not also receive committee retainer. |  |  |  |

All non-employee Director compensation shall be paid 3/8 in cash and 5/8 in shares of First Merchants Corporation common stock.