Base Salary Schedule for Named Executive Officers of Old Point Financial Corporation (as of March 1, 2008)
This document lists the annual base salaries for the named executive officers of Old Point Financial Corporation as of March 1, 2008. It identifies each executive by name, title, and salary amount. The agreement serves to disclose compensation information for key company officers, including the Chairman, President & CEO, Executive Vice Presidents, Senior Vice Presidents, and the Chief Financial Officer. There are no additional terms, conditions, or obligations specified beyond the disclosure of these salary figures.
Exhibit 10.6
Base Salaries of Named Executive Officers of the Registrant
As of March 1, 2008, the following are the base salaries (on an annual basis) of the named executive officers (as defined in Item 402 (a)(3) of Regulation S-K) of Old Point Financial Corporation:
| Robert F. Shuford | $ | 300,000 | |
| Chairman, President & Chief Executive Officer | |||
| Old Point Financial Corporation | |||
| Louis G. Morris | $ | 250,000 | |
| Executive Vice President/OPNB | |||
| Old Point Financial Corporation | |||
| Margaret P. Causby | $ | 150,000 | |
| Senior Vice President/Risk Management | |||
| Old Point Financial Corporation | |||
| Laurie D. Grabow | $ | 146,000 | |
| Chief Financial Officer & Senior Vice President/Finance | |||
| Old Point Financial Corporation | |||
| Eugene M. Jordan, II | $ | 135,000 | |
| Executive Vice President/Trust | |||
| Old Point Financial Corporation |
