1st Franklin Financial Corporation Director Compensation Summary Term Sheet
This term sheet outlines the annual compensation for directors of 1st Franklin Financial Corporation. Most directors will receive $35,000, with the Audit Committee Chairman receiving $40,000. The Chairman Emeritus, Ben F. Cheek, III, has elected not to receive any director fees. The document specifies the compensation amounts for each named director and applies regardless of whether they are executive officers.
Exhibit 10(d) | |||
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1st FRANKLIN FINANCIAL CORPORATION | |||
Director Compensation Summary Term Sheet | |||
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Compensation to be paid to the following directors, whether or not executive officers of the Company, will be as follows: | |||
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Name of Director | Compensation | ||
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Ben F. Cheek,. III (Chairman Emeritus) | $- * | ||
Ben F. Cheek, IV (Chairman) | $35,000 | ||
Virginia C. Herring | $35,000 | ||
A. Roger Guimond | $35,000 | ||
James H. Harris, III | $35,000 | ||
Jerry J. Harrison, Jr. | $35,000 | ||
John G. Sample, Jr. (Audit Committee Chairman) | $40,000 | ||
C. Dean Scarborough | $35,000 | ||
Keith D. Watson | $35,000 | ||
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* Note: Ben F, Cheek, III elected not to receive any Director fees. | |||
