Lakeland Financial Corporation Schedule of Board Fees Effective January 1, 2013

Summary

Lakeland Financial Corporation's Compensation Committee and Board of Directors established a fee schedule for board members effective January 1, 2013. Directors receive an annual retainer, additional retainers for committee chair roles, fees for attending board and committee meetings, and an annual stock grant. The schedule specifies exact amounts for each role and meeting participation, ensuring transparent compensation for board service.

EX-10.9 7 ex109.htm SCHEDULE OF BOARD FEES ex109.htm
 
 

 

Exhibit 10.9
Schedule of Board Fees


The Compensation Committee and Board of Directors of Lakeland Financial Corporation adopted the following fee schedule effective January 1, 2013:
 
Annual Director Retainer:
 
$
25,000
   
Annual Audit Committee Chairman Retainer:
 
$
35,000
   
Annual Lead Director and Compensation Committee Chairman Retainer:
 
$
35,000
   
Annual Governance Committee Chairman Retainer:
 
$
30,000
   
Annual Corporate Risk Committee Chairman Retainer
 
$
30,000
   
Board Meeting Fee:
 
$
1,000
 
per meeting
Committee Meeting Fee:
 
$
1,000
 
per meeting
Annual stock grant:
   
1,250
 
shares