EX-10.24 2 aub-20210930xex10d24.htm EX-10.24

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Exhibit 10.24

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SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

OF

ATLANTIC UNION BANKSHARES CORPORATION

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Effective October 1, 2021

| Amount
Annual Retainer Cash Fees (1) |
Service as a Director (2) | $45,000
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 | $22,500 (additional)
Service as Chairman of Compensation Committee | $16,000 (additional)
Service as Chairman of Risk Committee | $16,000 (additional)
Service as Chairman of Nominating and Corporate Governance Committee | $14,000 (additional)
Service as Chairman of Trust Committee | $14,000 (additional)
Members of Audit Committee | $11,000 (additional)
Members of 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 $60,000 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. | ​

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