Exhibit 10.29

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
UNION BANKSHARES CORPORATION
 
Effective January 1, 2017
 
Amount
Annual Retainer Cash Fees (1)
 
Service as a Director
$25,000
Service as Chairman of the Board of Directors
$80,000 (additional)
Service as Vice Chairman of the Board of Directors
$20,000 (additional)
Service as Chairman of Audit Committee
$15,000 (additional)
Service as Chairman of Compensation and Risk Committees
$10,000 (additional)
Service as Chairman of Nominating and Corporate Governance Committee
$7,500 (additional)
Members of Audit, Risk, Compensation and Nominating and Corporate Governance Committees
$8,000 (additional)
 
 
Meeting Fees
 
Executive Committee per meeting (in person)
$1,000
Executive Committee per meeting (telephonic lasting under an hour)
$500
Meetings above maximum per year number per Meeting
$1,000
 
 
Equity Compensation
 
In addition to cash compensation, non-employee directors receive an annual stock retainer of $35,000 paid quarterly in advance in unrestricted shares of the Company’s stock.
 
(1) The retainer fees are payable in advance in quarterly installments