Exhibit 10.14

Summary of Non-Employee Director Compensation

Cash Compensation

Each member of the Board of Directors (the “Board”) of Investors Title Company
(the “Company”) who is not an employee of the Company receives an annual
retainer for Board services of $5,000 and an attendance fee of $2,500 for each
meeting of the Board attended, in addition to actual travel expenses related to
the meetings. Non-employee directors also receive a $750 fee for participating
in a committee meeting, provided that the committee meeting is held on a day
other than the regularly scheduled Board meeting date. The Audit Committee
Chairperson receives an additional annual retainer of $500.

Equity Compensation

Non-employee Board members are eligible to receive awards of stock appreciation
rights (“SARs”) under the Company’s 2009 Stock Appreciation Rights. The Board
determines awards of SARs for non-employee directors on an annual basis at its
regularly scheduled Board meeting in May of each year.