Schedule of Board Fees
EX-10.9 3 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, 2012:
| 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: | $ | 800 | per meeting | |||
| Annual stock grant: | 1,250 | shares |
