CVB Financial Corporation Outside Directors’ Compensation Agreement (March 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

CVB Financial Corporation sets annual compensation for its outside directors as of March 9, 2005. The Chairman of the Board receives $124,200 per year, while other outside directors receive $43,464, both paid in equal monthly installments. Directors are also eligible to participate in the company’s health plan, with the company covering a portion of the cost similar to other employees. No extra compensation is provided for committee service or chairing a committee.

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EX-10.15 3 a06626exv10w15.htm EXHIBIT 10.15 exv10w15  

Exhibit 10.15

OUTSIDE DIRECTORS’ COMPENSATION

Each outside director of CVB Financial Corporation will receive the following compensation on an annual basis for their services as a director as of March 9, 2005:

         
Chairman of the Board
  $ 124,200  
 
        
All other outside directors
  $ 43,464  

These amounts are paid in equal monthly installments. In addition, the directors are eligible to participate in the health plan of the Company and the Company pays a portion of that benefit comparable to the other employees of the Company.

There is no additional compensation for the directors should they serve on a committee or chair a committee.