Lakeland Financial Corporation Schedule of Board Fees Effective January 1, 2011

Contract Categories: Human Resources › Compensation Agreements
Summary

Lakeland Financial Corporation has established a fee schedule for its Board of Directors, effective January 1, 2011. Directors receive an annual retainer, additional retainers for committee chair roles, and fees for attending board and committee meetings. The schedule also includes an annual stock grant of 1,000 shares to each director. This document outlines the compensation structure for board service and committee participation.

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EX-10.8 2 ex108.htm SCHEDULE OF BOARD FEES ex108.htm

Exhibit 10.8
Schedule of Board Fees


The Compensation Committee and Board of Directors of Lakeland Financial Corporation adopted the following fee schedule effective January 1, 2011:
 
Annual Director Retainer:
  
$
 25,000
    
Annual Audit Committee Chairman Retainer:
  
$
 29,000
    
Annual Lead Director and Compensation Committee Chairman Retainer:
  
$
 29,000
    
Annual Governance Committee Chairman Retainer:
  
$
26,000
    
Board Meeting Fee:                                                                               
  
$
1,000
  
per meeting
Committee Meeting Fee:                                                                               
  
$
 700
  
per meeting
Annual stock grant:
    
1,000
  
shares