C&F Financial Corporation Non-Employee Directors’ Annual Compensation Schedule (Effective January 1, 2017)
This document outlines the annual compensation for non-employee directors of C&F Financial Corporation, effective January 1, 2017. Non-employee directors receive an annual retainer, additional fees for serving as chair of certain committees, and meeting fees for board and committee attendance. Compensation is paid quarterly, and directors may also receive equity-based awards at the Board’s discretion under the company’s 2013 Stock and Incentive Compensation Plan.
Exhibit 10.15
SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
C&F FINANCIAL CORPORATION
Effective January 1, 2017
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Annual Retainer Fees 1 |
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Service as a Director |
| $ | 10,600 |
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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 2 |
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Base per day |
| $ | 600 |
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Secondary meeting(s) per day |
| $ | 300 |
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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 base meeting fee of $600 per day for Corporation board, C&F Bank board, C&F Bank subsidiary board or committee meeting attendance and a fee of $300 for secondary meeting attendance for each additional Corporation board, C&F Bank board, C&F Bank subsidiary board or committee meeting held on the same day as a meeting for which the base meeting fee is paid. |
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