Exhibit 10.11

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

OF

ATLANTIC UNION BANKSHARES CORPORATION

Effective February 1, 2021

 

 

 

 

Amount

Annual Retainer Cash Fees (1)

 

Service as a Director (2)

$35,000

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

$20,000 (additional)

Service as Chairman of Compensation Committee

$13,500 (additional)

Service as Chairman of Risk Committee

$15,000 (additional)

Service as Chairman of Nominating and Corporate Governance Committee

$10,000 (additional)

Service as Chairman of Trust Committee

$10,000 (additional)

Members of Audit, Compensation, Risk, Nominating and Corporate Governance and Trust Committees

$8,000 (additional)

 

 

Meeting Fees Per Meeting

 

Executive Committee (in person or telephonic)

$1,000

Executive Committee (telephonic lasting under an hour)

$500

Meetings above the maximum number of meetings during the year

$1,000

Special Purpose Committees

$500

 

 

Equity Compensation

 

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.