Exhibit 10.2
Summary of Incentive Compensation Plan of Park National
Corporation for the Twelve-Month Period Ending September 30, 2007
The Compensation Committee of the Board of Directors of Park National Corporation (“Park”) administers
Park’s incentive compensation plan which may enable the officers of The Park National Bank (the Park National
Division, the Fairfield National Division, the Consolidated Computer Center Division and The Park National
Bank of Southwest Ohio & Northern Kentucky division), The Richland Trust Company, Century National Bank,
The First-Knox National Bank of Mount Vernon (the First-Knox National Division and the Farmers and Savings
Division), Second National Bank, United Bank, N.A., The Security National Bank and Trust Co. (the Security
National Division and the Unity National Division), The Citizens National Bank of Urbana, Vision Bank (the
Vision Bank headquartered in Panama City, Florida and the Vision Bank Division of Gulf Shores, Alabama),
Scope Leasing, Inc. and Guardian Financial Services Company (collectively, “Park’s Principal Subsidiaries”) to
share in any above-average return on equity (as defined below) which Park and Park’s subsidiaries on a
consolidated basis may generate during each twelve-month period ending September 30. During the fiscal year
ended December 31, 2007 (the “2007 fiscal year”), all officers of Park’s Principal Subsidiaries other than Vision
Bank, including C. Daniel DeLawder (who served as Chairman of the Board and Chief Executive Officer of Park
and The Park National Bank during the 2007 fiscal year and continues to so serve), David L. Trautman (who
served as President and Secretary of Park and as President of The Park National Bank during the 2007 fiscal
year and continues to so serve) and John W. Kozak (who served as Chief Financial Officer of Park and as
Senior Vice President and Chief Financial Officer of The Park National Bank during the 2007 fiscal year and
continues to so serve) were eligible to participate in the i