SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
C&F FINANCIAL CORPORATION
Effective January 1, 2015
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Annual Retainer Fees 1 |
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Service as a Director |
| $ | 9,500 |
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Service as Chairman of Audit Committee |
| $ | 6,000 (additional) |
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Service as Chairman of Compensation Committee |
| $ | 5,000 (additional) |
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Meeting Fees 2 |
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Base per day |
| $ | 600 |
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Secondary meeting(s) per day |
| $ | 300 |
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Equity Compensation |
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In addition to cash compensation, non-employee directors are eligible to receive equity-based |
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awards under the Corporation’s 2013 Stock and Incentive Plan, as determined in the Board’s |
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discretion. |
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1 | The retainer fees are payable in quarterly installments. |
2 | All non-employee directors receive a base meeting fee of $600 per day for Corporation board, C&F Bank board, C&F Bank subsidiary board or committee meeting attendance and a fee of $300 for secondary meeting attendance for each additional Corporation board, C&F Bank board, C&F Bank subsidiary board or committee meeting held on the same day as a meeting for which the base meeting fee is paid. |
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