Schedule of C&F Financial Corporation Non-Employee Directors Annual Compensation

EX-10.15 2 cffi-20171231ex10150deac.htm EX-10.15 cffi_Ex_10_15

Exhibit 10.15

 

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

OF

C&F FINANCIAL CORPORATION

 

Effective January 1, 2018

 

 

    

    

 

 

 

Amount

 

Annual Retainer Fees 1

 

 

 

 

Service as a Director

 

$

11,000 

 

Service as Chairman of Audit Committee

 

$

6,180 (additional)

 

Service as Chairman of Compensation Committee

 

$

5,150 (additional)

 

 

 

 

 

 

 

 

 

 

 

Meeting Fees

 

 

 

 

Monthly fee for attendance at meetings2

 

$

1,050 

 

Fee for attendance at each Audit and Compensation committee meeting

 

$

500 

 

 

 

 

 

 

Equity Compensation

 

 

 

 

In addition to cash compensation, non-employee directors are eligible to receive equity-based

 

 

 

 

awards under the Corporation’s 2013 Stock and Incentive Compensation Plan, as determined in the Board’s

 

 

 

 

discretion.

 

 

 

 

 

 

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. 

1