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 receive $35,000, with the Audit Committee Chairman receiving $40,000. The Vice Chairman, Ben F. Cheek, III, has elected not to receive any director fees. The document lists the names of the directors and their respective compensation amounts.
Exhibit 10(j) | |||
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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 (Vice Chairman) | $- * | ||
Ben F. Cheek, IV (Chairman) | $35,000 | ||
A. Roger Guimond | $35,000 | ||
James H. Harris, III | $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. | |||
