Lakeland Financial Corporation Schedule of Board Fees Effective January 1, 2010

Contract Categories: Human Resources › Compensation Agreements
Summary

Lakeland Financial Corporation's Compensation Committee and Board of Directors established a fee schedule for board members effective January 1, 2010. Directors receive an annual retainer, additional retainers for committee chair roles, fees for attending board and committee meetings, and an annual stock grant of 500 shares. The schedule outlines specific amounts for each role and meeting participation. This agreement sets the compensation structure for board service and committee leadership within the company.

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EX-10.7 2 ex107.htm SCHEDULE OF BOARD FEES ex107.htm
Exhibit 10.7
Schedule of Board Fees


The Compensation Committee and Board of Directors of Lakeland Financial Corporation adopted the following fee schedule effective January 1, 2010:
 
Annual Director Retainer:
  
$
 15,000
      
Annual Audit Committee Chairman Retainer:
  
$
 19,000
      
Annual Lead Director and Compensation Committee Chairman Retainer:
  
$
 19,000
      
Annual Governance Committee Chairman Retainer:
  
$
16,000
      
Board Meeting Fee:                                                                               
  
$
 800
  
per meeting
  
Committee Meeting Fee:                                                                               
  
$
 700
  
per meeting
  
Annual stock grant:
    
500
  
shares