Exhibit 10.19 Eastern Virginia Bankshares, Inc. (the Company) Schedule of Non-Employee Directors Annual Compensation Effective January 16, 2014 Meeting Fees(1)(2) Per Company Board Meeting $ 300 Per Company Committee Meeting $ 300 Per EVB Board Meeting $ 500 Per EVB Committee Meeting(3) $ 300 Monthly Retainers Chairman of the Companys Audit and Risk Oversight Committee $ 300 Other members of the Companys Audit and Risk Oversight Committee $ 200 Chairman of the EVB Board $ 500 Annual stock grant to non-employee directors: 500 unrestricted shares of the Companys common stock. (1) Each director of the Companys Board of Directors is also a member of the Board of Directors of EVB. (2) For meetings of the Companys Board of Directors and EVBs Board of Directors, directors are permitted one paid absence per year. (3) Each member of the Loan Committee of EVB receives $150 for each teleconference of the Loan Committee between regularly scheduled Loan Committee meetings.
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EX-10.19 3 v371466_exh10x19.htm EXHIBIT 10.19 Eastern Virginia Bankshares, Inc. (the Company)
Exhibit 10.19
Eastern Virginia Bankshares, Inc. (the Company)
Schedule of Non-Employee Directors Annual Compensation
Effective January 16, 2014
Meeting Fees(1)(2) | ||||
Per Company Board Meeting | $ | 300 | ||
Per Company Committee Meeting | $ | 300 | ||
Per EVB Board Meeting | $ | 500 | ||
Per EVB Committee Meeting(3) | $ | 300 |
Monthly Retainers | ||||
Chairman of the Companys Audit and Risk Oversight Committee | $ | 300 | ||
Other members of the Companys Audit and Risk Oversight Committee | $ | 200 | ||
Chairman of the EVB Board | $ | 500 |
Annual stock grant to non-employee directors: | 500 unrestricted shares of the Companys common stock. |
(1) | Each director of the Companys Board of Directors is also a member of the Board of Directors of EVB. |
(2) | For meetings of the Companys Board of Directors and EVBs Board of Directors, directors are permitted one paid absence per year. |
(3) | Each member of the Loan Committee of EVB receives $150 for each teleconference of the Loan Committee between regularly scheduled Loan Committee meetings. |