Base Salary Schedule for Named Executive Officers of Old Point Financial Corporation (as of March 1, 2007)
This document lists the annual base salaries for the named executive officers of Old Point Financial Corporation as of March 1, 2007. It identifies each officer by name and title, and specifies their respective base salary amounts. The agreement also notes the resignation of one officer as of the effective date. The document serves as a record of compensation for key executives, as required by SEC regulations.
Exhibit 10.6
Base Salaries of Named Executive Officers of the Registrant
As of March 1, 2007, 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 Chairman, President & Chief Executive Officer Old Point Financial Corporation | $254,000 | |
| Louis G. Morris Executive Vice President/OPNB Old Point Financial Corporation | $210,000 | |
| Cary B. Epes Senior Vice President/Business Development & Lending Old Point Financial Corporation | Resigned a/o March 1st | |
| Margaret P. Causby Senior Vice President/Risk Management Old Point Financial Corporation | $145,000 | |
| Laurie D. Grabow Chief Financial Officer & Senior Vice President/Finance Old Point Financial Corporation | $135,000 | |
