Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - FOUR OAKS FINCORP INCfofn12312016ex322.htm
EX-32.1 - EXHIBIT 32.1 - FOUR OAKS FINCORP INCfofn12312016ex321.htm
EX-31.2 - EXHIBIT 31.2 - FOUR OAKS FINCORP INCfofn12312016ex312.htm
EX-31.1 - EXHIBIT 31.1 - FOUR OAKS FINCORP INCfofn12312016ex311.htm
EX-23 - EXHIBIT 23 - FOUR OAKS FINCORP INCexhibit23-cbconsent123116.htm
EX-4.1 - EXHIBIT 4.1 - FOUR OAKS FINCORP INCexhibit41stockcertificate.htm
EX-3.1 - EXHIBIT 3.1 - FOUR OAKS FINCORP INCexhibit31-articlesofincorp.htm
10-K - 10-K - FOUR OAKS FINCORP INCfofn1231201610k.htm
Exhibit 10.12

Summary of Non-Employee Director Compensation

Monthly Board Compensation

Each non-employee member of our board of directors (the “Board”) is paid the following fees per month based on his or her role:

Chairman of the Board

$1,850

Lead Independent Director

$1,850

Member of the Board

$1,500


Committee Attendance Compensation

Each non-employee committee member is paid the following fee for each committee meeting he or she attends based on his or her role on such committee:

Chairman of the Committee

$450

Member of the Committee

$400


Equity Compensation

Non-employee Board members may be eligible for equity awards from time to time at the discretion of the Board.