C&F Financial Corporation Non-Employee Directors’ Annual Compensation Schedule (Effective January 1, 2012)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for non-employee directors of C&F Financial Corporation, effective January 1, 2012. Non-employee directors receive an annual retainer of $9,000, with additional retainers for serving as Chairman of the Audit Committee ($5,000) or Compensation Committee ($4,000). Directors are also paid $500 per day for attending board or committee meetings, and $250 for each additional meeting attended on the same day. Retainer fees are paid quarterly. The schedule applies only to non-employee directors.

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EX-10.15 4 ex10_15.htm EXHIBIT 10.15 ex10_15.htm
Exhibit 10.15
 
SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
C&F FINANCIAL CORPORATION
 
Effective January 1, 2012

   
Amount
  
Annual Retainer Fees 1
      
Service as a Director
   $ 9,000  
Service as Chairman of Audit Committee
   $ 5,00 (additional)  
Service as Chairman of Compensation Committee
   $ 4,00 (additional)  
 
Meeting Fees 2
      
Base per day
   $ 500  
Secondary meeting(s) per day
   $ 250  
 
 
1
The retainer fees are payable in quarterly installments
 
 
2
All non-employee directors receive a base meeting fee of $500 per day for Corporation board, Bank board, Bank subsidiary board or committee meeting attendance and a fee of $250 for secondary meeting attendance for each additional Corporation board, Bank board, Bank subsidiary board or committee meeting held on the same day as a meeting for which the base meeting fee is paid.