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