Exhibit 10.12
OUTSIDE DIRECTORS’ COMPENSATION
Each outside director of CVB Financial Corporation will receive the following compensation on an annual basis for their services as a director as of March 3, 2008:
| | | | | |
| Chairman of the Board | | $ | 124,200 | |
| | | | | |
| Vice-Chairman of the Board | | $ | 86,928 | |
| | | | | |
| All other outside directors | | $ | 43,464 | |
These amounts are paid in equal monthly installments. In addition, the directors are eligible to participate in the health plan of the Company and the Company pays a portion of that benefit comparable to the other employees of the Company.
There is no additional compensation for the directors should they serve on a committee or chair a committee.
