Base Salary Schedule for Named Executive Officers of Old Point Financial Corporation (as of November 1, 2007)
This document lists the annual base salaries for the named executive officers of Old Point Financial Corporation as of November 1, 2007. It identifies each officer by name, title, and salary amount, and notes the resignation of one officer. The agreement serves as a record of compensation for key executives but does not specify additional terms or conditions beyond the salary figures.
Exhibit 10.6
Base Salaries of Named Executive Officers of the Registrant
As of November 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 | $ | 254,000 | |
| Chairman, President & Chief Executive Officer | |||
| Old Point Financial Corporation | |||
| Louis G. Morris | $ | 210,000 | |
| Executive Vice President/OPNB | |||
| Old Point Financial Corporation | |||
| Cary B. Epes | Resigned as of March 1, 2007 | |
| Senior Vice President/Business Development & Lending | |||
| Old Point Financial Corporation | |||
| Margaret P. Causby | $ | 145,000 | |
| Senior Vice President/Risk Management | |||
| Old Point Financial Corporation | |||
| Laurie D. Grabow | $ | 140,000 | |
| Chief Financial Officer & Senior Vice President/Finance | |||
| Old Point Financial Corporation | |||
