Schedule of Executive Officer Base Salaries for Old Point Financial Corporation (as of April 1, 2016)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries for the executive officers of Old Point Financial Corporation as of April 1, 2016. It names each executive, their position, and their corresponding salary. The agreement serves as a record of compensation for the company's top management, including the Chairman, President & CEO, Executive Vice President, Chief Business Development Officer, Chief Financial Officer, and Secretary. There are no additional terms, conditions, or obligations specified beyond the stated salaries.

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EX-10.6 3 ex-10-6.htm EXHIBIT 10.6  
Exhibit 10.6
Base Salaries of Executive Officers of the Registrant

As of April 1, 2016, the following are the base salaries (on an annual basis) of the executive officers of Old Point Financial Corporation:

Robert F. Shuford, Sr.
  
$
300,000
  
Chairman, President & Chief Executive Officer
Old Point Financial Corporation
        
         
Robert F. Shuford, Jr.
  
$
300,000
  
Executive Vice President/Bank
Old Point Financial Corporation
        
         
Joseph R. Witt
  
$
285,600
  
Chief Business Development Officer & Senior Vice President
Old Point Financial Corporation
        
         
Laurie D. Grabow
  
$
204,000
  
Chief Financial Officer & Senior Vice President/Finance
Old Point Financial Corporation
        
         
Eugene M. Jordan, II
  
$
183,600
  
Secretary & Executive Vice President/Trust
Old Point Financial Corporation