C&F Financial Corporation Schedule of Non-Employee Directors’ Annual Compensation
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Summary
This document outlines the annual compensation for non-employee directors of C&F Financial Corporation, effective December 21, 2004. Non-employee directors receive a $6,000 annual retainer, paid quarterly, with an additional $1,600 for serving as a committee chair. Directors are also paid $500 per day for attending board or committee meetings, and $250 for each additional meeting attended on the same day.
EX-10.14 7 dex1014.htm SCHEDULE OF C&F FINANCIAL CORPORATION Schedule of C&F Financial Corporation
EXHIBIT 10.14
C&F FINANCIAL CORPORATION
SCHEDULE OF NON-EMPLOYEE DIRECTORS ANNUAL COMPENSATION
Effective December 21, 2004
Amount | ||||
Retainer Fees(1) | ||||
Service as a Director | $ | 6,000 | ||
Service as a Committee Chair | $ | 1,600 | (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 or committee meeting attendance and a fee of $250 for secondary meeting attendance for each additional Corporation board, Bank board or committee meeting held on the same day as a meeting for which the base meeting fee is paid. |