C&F Financial Corporation Non-Employee Directors’ Annual Compensation Schedule (Effective January 1, 2018)
This document outlines the annual compensation for non-employee directors of C&F Financial Corporation, effective January 1, 2018. Non-employee directors receive an annual retainer, additional fees for serving as chair of certain committees, and monthly and per-meeting attendance fees. They are also eligible for equity-based awards under the company’s 2013 Stock and Incentive Compensation Plan, as determined by the Board. Retainer fees are paid quarterly, and the monthly fee covers attendance at various board and committee meetings.
Exhibit 10.15
SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
C&F FINANCIAL CORPORATION
Effective January 1, 2018
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| Annual Retainer Fees 1 |
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| Service as a Director |
| $ | 11,000 |
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| Service as Chairman of Audit Committee |
| $ | 6,180 (additional) |
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| Service as Chairman of Compensation Committee |
| $ | 5,150 (additional) |
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| Meeting Fees |
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| Monthly fee for attendance at meetings2 |
| $ | 1,050 |
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| Fee for attendance at each Audit and Compensation committee meeting |
| $ | 500 |
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| Equity Compensation |
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| In addition to cash compensation, non-employee directors are eligible to receive equity-based |
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| awards under the Corporation’s 2013 Stock and Incentive Compensation Plan, as determined in the Board’s |
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| discretion. |
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| 1 | The retainer fees are payable in quarterly installments. |
| 2 | All non-employee directors receive a single fee of $1,050 per month to cover attendance at meetings of the C&F Financial Corporation board, C&F Bank board, C&F Bank subsidiaries’ boards and Nominating Committee. |
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