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.