FIRST COMMONWEALTH FINANCIAL CORPORATION
Exhibit 10.8 - DEFERRED COMPENSATION PLAN
THIS PLAN, made this 12th day of January, 1999
This First Commonwealth Financial Corporation Directors Deferred Compensation Plan (the "Plan") is adopted
by First Commonwealth Financial Corporation, a bank holding company organized and existing under the laws of
the Commonwealth of Pennsylvania (the "Corporation") for its directors who are not officers or employees
employed by the Corporation or any subsidiary or affiliate thereof, as well as the directors of any subsidiary or
affiliate of the Corporation who are not employed by the Corporation or any subsidiary or affiliate thereof (the
"Outside Directors') to allow such Outside Directors to defer receipt of their annual retainer and fees, or any
portion thereof, in order to provide such outside Directors with a means to accumulate deferred compensation.
Accordingly, the following Plan is adopted.
ARTICLE I - DEFINITIONS
1.1 ACCOUNT means the balance credited to a Participant's or Beneficiary's Plan account, including
contribution credits and the interest thereon credited thereto as hereinafter provided. A Participant's or
Beneficiary's Account shall be determined as of the date of reference.
1.2 BENEFICIARY means any person or persons so designated in accordance with the provisions of Article
1.3 CODE means the Internal Revenue Code of 1986 and the regulations thereunder, as amended from time to
1.4 COMPENSATION means the total annual retainer, fees for attending Board of Director's meetings and
Committee fees that but for an election under this Plan, would be paid to an Outside Director by the Corporation
or, by any subsidiary or affiliate thereof.
1.5 DESIGNATION PERIOD means the ten (10) day period immediately preceding the first day of any
calendar year commencing with 1999.
1.6 EFFECTIVE DATE means the effective date of t