Director Compensation Plan 2007
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Human Resources
- Compensation Agreements
EX-10.12 5 dex1012.htm SCHEDULE OF VIRGINIA FINANCIAL GROUP, INC Schedule of Virginia Financial Group, Inc
EXHIBIT 10.12
Director Compensation Plan 2007
Basic Fees
| Position | Board | Committee | |||||||
| Audit and P&C | Other | ||||||||
| Chairman | $ | 24,000 | $ | 5,500 | $ | 3,500 | |||
| Member | $ | 18,000 | $ | 4,000 | $ | 2,500 | |||
Performance Grants
| • | Performance Grants are made only if VFGI meets its budget goals |
| • | At budget members receive nonqualified stock option grants valued at 25% of their Board (not Committee) Retainers. |
| • | The maximum grant made under the plan is 37.5% of a member’s Board Retainer |
