Schedule of Executive Officer Base Salaries for Old Point Financial Corporation as of March 1, 2010
This document lists the annual base salaries for the executive officers of Old Point Financial Corporation as of March 1, 2010. It names each executive, their position, and their corresponding salary. The agreement outlines compensation details for key officers, including the Chairman, President & CEO, Executive Vice Presidents, Senior Vice Presidents, and the Chief Financial Officer. There are no additional terms, conditions, or time limits specified beyond the salary amounts and positions listed.
Exhibit 10.6
Base Salaries of Executive Officers of the Registrant
As of March 1, 2010, the following are the base salaries (on an annual basis) of the executive officers (as defined in Item 402 (a)(3) of Regulation S-K) of Old Point Financial Corporation:
| Robert F. Shuford, Sr. | $ | 300,000 | |
| Chairman, President & Chief Executive Officer | |||
| Old Point Financial Corporation | |||
| Louis G. Morris | $ | 275,000 | |
| Executive Vice President/OPNB | |||
| Old Point Financial Corporation | |||
| Robert F. Shuford, Jr. | $ | 187,500 | |
| Senior Vice President/Operations | |||
| Old Point Financial Corporation | |||
| Joseph R. Witt | $ | 185,000 | |
| Senior Vice President/Corporate Banking | |||
| Old Point Financial Corporation | |||
| Melissa L. Burroughs | $ | 172,500 | |
| Senior Vice President/Lending & Business Development | |||
| Old Point Financial Corporation | |||
| Laurie D. Grabow | $ | 170,000 | |
| Chief Financial Officer & Senior Vice President/Finance | |||
| Old Point Financial Corporation | |||
| Eugene M. Jordan, II | $ | 160,000 | |
| Executive Vice President/Trust | |||
| Old Point Financial Corporation | |||
