Lakeland Financial Corporation Schedule of Board Fees Effective January 1, 2012
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Summary
Lakeland Financial Corporation has established a fee schedule for its Board of Directors, effective January 1, 2012. Directors receive an annual retainer, additional retainers for committee chair roles, and fees for attending board and committee meetings. Directors are also granted an annual stock award. The schedule outlines specific amounts for each role and meeting participation, ensuring transparent compensation for board service.
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 |
