Base Salary Schedule for Named Executive Officers of Old Point Financial Corporation (as of September 30, 2005)
This document lists the annual base salaries for the named executive officers of Old Point Financial Corporation as of September 30, 2005. It identifies each executive by name and title, and specifies their respective base salary amounts. The agreement serves as a disclosure of compensation for key company officers, including the Chairman, President & CEO, Executive Vice President, Senior Vice Presidents, and Chief Financial Officer. There are no additional terms, conditions, or obligations specified beyond the salary figures.
Exhibit 10.7
Base Salaries of Named Executive Officers of the Registrant
As of September 30, 2005, 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 | $ | 225,000 | |
| Louis G. Morris | $ | 190,000 | |
| Cary B. Epes | $ | 136,000 | |
| Margaret P. Causby | $ | 136,000 | |
| Laurie D. Grabow | $ | 120,000 |
