Base Salary Schedule for Named Executive Officers of Old Point Financial Corporation (as of March 1, 2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the annual base salaries for the named executive officers of Old Point Financial Corporation as of March 1, 2006. The officers and their respective positions and salaries are specified, including the Chairman, President & CEO, Executive Vice President, Senior Vice Presidents, and Chief Financial Officer. The agreement outlines the compensation terms for these key executives but does not include additional terms or conditions beyond the salary amounts.

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EX-10.7 4 dex107.htm BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF THE REGISTRANT Base Salaries of Named Executive Officers of the Registrant

Exhibit 10.7

Base Salaries of Named Executive Officers of the Registrant

As of March 1, 2006, 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

    $ 242,000

Chairman, President & Chief Executive Officer

   

Old Point Financial Corporation

   

Louis G. Morris

    $ 200,000

Executive Vice President/OPNB

   

Old Point Financial Corporation

   

Cary B. Epes

    $ 141,500

Senior Vice President/Business Development & Lending

   

Old Point Financial Corporation

   

Margaret P. Causby

    $ 141,500

Senior Vice President/Risk Management

   

Old Point Financial Corporation

   

Laurie D. Grabow

    $ 124,800

Chief Financial Officer & Senior Vice President/Finance

   

Old Point Financial Corporation