Contract

EXHIBIT 10(b) Summary of Cash Compensation Payable to Directors of Peoples Bancorp Inc. Effective May 1, 2006 At the meeting of the Board of Directors (the “Board”) of PeoplesBancorp Inc. (“Peoples”) held on April 13, 2006, the Board, upon therecommendation of the Compensation Committee, approved changes in the quarterlyfees and meeting fees to be paid to the directors of Peoples. These changes willbe effective May 1, 2006. The quarterly fee to be paid to each director ofPeoples, other than Mark F. Bradley, will be increased from $1,000 per calendarquarter to $1,500 per calendar quarter; while the meeting fee will be increasedfrom $1,000 per meeting attended to $1,250 per meeting attended. Mr. Bradleywill receive no quarterly fees or meeting fees in his capacity as an employeedirector of Peoples. Except for the changes described in the immediately precedingparagraph, the fees received by the directors of Peoples and by the directors ofPeoples’ subsidiary bank, Peoples Bank, National Association (“Peoples Bank”),will remain the same. Directors of Peoples are compensated for each meeting of a committee ofthe Peoples Board they attend. Members of the Executive Committee of the PeoplesBoard (other than Mark F. Bradley) or the Governance and Nominating Committee ofthe Peoples Board receive $100 for each committee meeting of less than 30minutes attended and $200 for each committee meeting of 30 minutes or moreattended. The fee for attending meetings of the Compensation Committee of thePeoples Board of 30 minutes or more is $500 per meeting while the fee forattending meetings of less than 30 minutes is $100 per meeting. The Chairman ofthe Compensation Committee of the Peoples Board receives an additional cash feeof $750 per quarter. The fee for attending meetings of the Audit Committee ofthe Peoples Board of 30 minutes or more is $500 per meeting while the fee forattending meetings of less than 30 minutes is $100 per meeting. The Chairman ofthe Audit Committee of the Peoples Board receives an additional cash fee of$1,250 per quarter. Mr. Bradley receives no meeting fees in his capacity as amember of the Executive Committee of the Peoples Board. Each director of Peoples, other than Mark F. Bradley, who also servesas a director of Peoples Bank receives $600 per calendar quarter and $400 foreach regular monthly meeting of the Peoples Bank board of directors attended. Inaddition, each director of Peoples, other than Mr. Bradley, who also serves as aPeoples Bank board committee member receives $100 for each committee meeting ofless than 30 minutes attended, or $200 for each committee meeting of 30 minutesor more attended. Mr. Bradley receives no compensation as a director of PeoplesBank. In addition to fees received for service to Peoples as a director,Thomas J. Wolf receives $150 for each meeting of the Peoples BankKentucky/Huntington Leadership Advisory Board he attends. Directors who travel a distance of fifty miles or more (round trip) toattend a board or board committee meeting of Peoples or Peoples Bank receive a$50 travel fee. A single travel fee of $50 is paid for multiple meetingsoccurring on the same day. Directors who stay overnight to attend a meeting arereimbursed the actual cost of overnight accommodations.