SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION OF C&F FINANCIAL CORPORATION Effective January 1, 2015

EX-10.15 2 cffi-20141231ex10155267b.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, 2015

 

 

    

    

 

 

 

Amount

 

Annual Retainer Fees 1

 

 

 

 

Service as a Director

 

$

9,500 

 

Service as Chairman of Audit Committee

 

$

6,000 (additional)

 

Service as Chairman of Compensation Committee

 

$

5,000 (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 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. 

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