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Exhibit 10.7
Schedule of Board Fees
The Compensation Committee and Board of Directors of Lakeland Financial Corporation adopted the following fee schedule effective January 1, 2010:
Annual Director Retainer: | $ | 15,000 | ||||
Annual Audit Committee Chairman Retainer: | $ | 19,000 | ||||
Annual Lead Director and Compensation Committee Chairman Retainer: | $ | 19,000 | ||||
Annual Governance Committee Chairman Retainer: | $ | 16,000 | ||||
Board Meeting Fee: | $ | 800 | per meeting | |||
Committee Meeting Fee: | $ | 700 | per meeting | |||
Annual stock grant: | 500 | shares |