Schedule of Atlantic Union Bankshares Corporation Non-Employee Directors' Annual Compensation
EX-10.11 3 aub-20201231xex10d11.htm EX-10.11
SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
ATLANTIC UNION BANKSHARES CORPORATION
Effective February 1, 2021
Annual Retainer Cash Fees (1)
Service as a Director (2)
Service as Chairman of the Board of Directors
Service as Vice Chairman of the Board of Directors
Service as Chairman of Audit Committee
Service as Chairman of Compensation Committee
Service as Chairman of Risk Committee
Service as Chairman of Nominating and Corporate Governance Committee
Service as Chairman of Trust Committee
Members of Audit, Compensation, Risk, Nominating and Corporate Governance and Trust Committees
Meeting Fees Per Meeting
Executive Committee (in person or telephonic)
Executive Committee (telephonic lasting under an hour)
Meetings above the maximum number of meetings during the year
Special Purpose Committees
In addition to cash compensation, non-employee directors receive an annual stock retainer of $50,000 paid quarterly in advance in unrestricted shares of the Company’s common stock.
(1) The retainer fees are payable in advance in quarterly installments.
(2) Non-employee directors may elect to receive all or a portion of the Director cash retainer in unrestricted shares of the Company’s common stock, beginning with the second quarter in 2021.