C&F Financial Corporation Non-Employee Directors’ Annual Compensation Schedule (Effective January 1, 2017)

Summary

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.

EX-10.15 2 cffi-20161231ex10150442f.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, 2017

 

 

    

    

 

 

 

Amount

 

Annual Retainer Fees 1

 

 

 

 

Service as a Director

 

$

10,600 

 

Service as Chairman of Audit Committee

 

$

6,180 (additional)

 

Service as Chairman of Compensation Committee

 

$

5,150 (additional)

 

 

 

 

 

 

 

 

 

 

 

Meeting Fees 2

 

 

 

 

Base per day

 

$

600 

 

Secondary meeting(s) per day

 

$

300 

 

 

 

 

 

 

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 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. 

1