Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Agreement is between Eric S. Rangen (“Executive”) and United
HealthCare Services, Inc. (“UnitedHealth Group”), and is effective as of December 15, 2006. This Agreement’s purposes are to set forth certain terms of Executive’s employment by UnitedHealth Group or one of its affiliates
and to protect UnitedHealth Group’s knowledge, expertise, customer relationships, and confidential information. Unless the context otherwise requires, “UnitedHealth Group” includes all its affiliated entities. 
  

	1.	Employment and Duties. 

  

	 	A.	Employment. UnitedHealth Group hereby employs Executive, and Executive accepts employment, under this Agreement’s terms. 

  

	 	B.	Duties. Executive will perform Executive’s duties and any other executive level responsibilities reasonably assigned to Executive. Executive will devote substantially
all of Executive’s business time and energy to Executive’s duties. Executive will maintain operations in Executive’s area of responsibility, and make every reasonable effort to ensure that the employees within that area of
responsibility act, in compliance with applicable law and UnitedHealth Group’s Principles of Integrity and Compliance. Executive is subject to all of UnitedHealthGroup’s employment policies and procedures (except as specifically superseded
by this Agreement). 

  

	2.	Compensation and Benefits. 

  

	 	A.	Base Salary. Executive’s initial annual base salary will be $350,000, less applicable withholdings and deductions, payable according to UnitedHealth Group’s regular
payroll schedule. Periodic adjustments to Executive’s base salary may be made in UnitedHealth Group’s sole discretion. 

  

	 	B.	Incentive Compensation. Executive will be eligible to participate in UnitedHealth Group’s incentive compensation plans in UnitedHealth Group’s sole discretion and
in accordance with the plans’ terms and conditions. Executive’s initial target bonus potential will be 50% of annual base salary, subject to periodic adjustments in UnitedHealth Group’s sole discretion. 

  

	 	C.	 Stock-Settled Stock Appreciation Rights (SARs). In accordance with guideline amounts authorized by UnitedHealth Group’s Compensation and Human Resources
Committee, management will recommend that Executive be awarded equity compensation in the form of Stock-Settled Stock Appreciation Rights (SARs) with a Black-Scholes value of $1,000,000. This award will vest 25% on each anniversary date of the
grant, over a four- 

	 	 
year period and will be subject to the terms and conditions of the specific SAR award agreement, including certain restrictive covenants, and the 2002 Stock
Incentive Plan. 

 UnitedHealth Group’s governance policy stipulates that its Compensation and Human
Resources Committee can only grant equity awards at regularly scheduled quarterly committee meetings. Accordingly, Executive’s recommended grant will be reviewed by the Committee at its next regularly scheduled quarterly meeting following the
Effective Date. The Black-Scholes value of SAR awards will be calculated approximately seven days before the Committee meeting using the closing price of UnitedHealth Group stock on that day and an assumed life of 10 years, consistent with the term
of the SAR award agreement. The actual grant price of SAR awards will be the closing price of UnitedHealth Group stock on the day of the Committee meeting. 
  

	 	D.	Employee Benefits. Executive will be eligible to participate in UnitedHealth Group’s employee welfare and retirement benefit plans in accordance with the terms of the
plans, and will be eligible for Paid Time Off in accordance with UnitedHealth Group’s policies. UnitedHealth Group reserves the right to amend or discontinue any plan or policy at any time in its sole discretion. 

  

	3.	Term and Termination. 

  

	 	A.	Term. This Agreement’s term is from the Effective Date until this Agreement is terminated under Section 3.B. 

  

	 	B.	Termination. 

  

	 	i.	 By UnitedHealth Group. UnitedHealth Group may terminate this Agreement and Executive’s employment for any reason at any time, with or without Cause.
“Cause” means Executive’s (a) failure to follow UnitedHealth Group’s reasonable direction or to perform any duties reasonably required on material matters, (b) violation of, or failure to act upon or report known or
suspected violations of, UnitedHealth Group’s Principles of Integrity and Compliance, (c) conviction of any felony, (d) commission of any criminal, fraudulent, or dishonest act in connection with Executive’s employment,
(e) material breach of this Agreement, (f) conduct that is materially detrimental to UnitedHealth Group’s interests, or (g) disability that renders Executive incapable of performing the essential functions of Executive’s
job, with or without reasonable accommodation, after Executive has exhausted any leave available to Executive under applicable law or UnitedHealth Group policy. Cause will be determined in UnitedHealth Group’s sole discretion. UnitedHealth
Group may 

	 	 
place Executive on paid leave while it is determining whether there is a basis to terminate Executive’s employment for Cause.

  

	 	ii.	By Executive. Executive may terminate this Agreement and Executive’s employment at any time. 

  

	 	iii.	By Executive’s Death. This Agreement and Executive’s employment will terminate automatically if Executive dies. The termination date will be the date of
Executive’s death. 

  

	4.	Severance Benefits. 

  

	 	A.	Circumstances under Which Severance Benefits Payable. Executive will be entitled to Severance Benefits only if this Agreement and Executive’s employment are terminated
by UnitedHealth Group without Cause. The Severance Benefits in this Agreement are in lieu of any payments or benefits to which Executive otherwise might be entitled under any UnitedHealth Group severance plan or program. 

  

	 	B.	Severance Benefits for Termination without Cause. Executive will be entitled to the following Severance Benefits if UnitedHealth Group terminates this Agreement and
Executive’s employment without Cause: 

  

	 	i.	The sum of: 

 (1) One times
Executive’s annualized base salary as of Executive’s termination date. 
 (2) One-half of the total of any bonus or
incentive compensation paid or payable to Executive for the two most recent calendar years (excluding equity-related awards, payments under any long-term or similar benefit plan, or any other special or one-time bonus or incentive compensation
payments), or if Executive has been eligible for such bonus or incentive compensation payments for less than two calendar years, the last such payment paid or payable to Executive. 
 (3) $5,000, to partially offset the cost of benefit continuation coverage. 
 All payments in (1)-(3) above will be less applicable deductions, including deductions for tax withholding. 
  

	 	ii.	Outplacement services through an outplacement firm selected by, and in an amount determined by, UnitedHealth Group. 

 The severance compensation in Section 4.B.i will be paid out over a severance period of 12 months,
unless UnitedHealth Group elects to pay it in a lump sum. 
 If UnitedHealth Group determines Executive may be considered a “key
employee” under Internal Revenue Code §416(i), then severance payments otherwise payable during the first six months after termination of employment will be held until after the six-month period has expired. 
  

	 	C.	Separation Agreement and Release Required. In order to receive any Severance Benefits under this Agreement, Executive must sign a separation agreement and release of claims
in a form determined by UnitedHealth Group in its sole discretion. 

  

	5.	Property Rights, Confidentiality, Non-Disparagement, and Restrictive Covenants. 

  

	 	A.	UnitedHealth Group’s Property. 

  

	 	i.	Assignment of Property Rights. Executive must promptly disclose in writing to UnitedHealth Group all inventions, discoveries, processes, procedures, methods and works of
authorship, whether or not patentable or copyrightable, that Executive alone or jointly conceives, makes, discovers, writes or creates, during working hours or on Executive’s own time, during this Agreement’s term (the “Works”).
Executive hereby assigns to UnitedHealth Group all Executive’s rights, including copyrights and patent rights, to all Works. Executive must assist UnitedHealth Group as it reasonably requires to perfect, protect, and use its rights to the
Works. This provision does not apply to any Work for which no UnitedHealth Group equipment, supplies, facility or trade secret information was used and: (1) which does not relate directly to UnitedHealth Group’s business or actual or
demonstrably anticipated research or development, or (2) which does not result from any work performed for UnitedHealth Group. 

  

	 	ii.	No Removal of Property. Executive may not remove from UnitedHealth Group’s premises any UnitedHealth Group records, documents, data or other property, in either original
or duplicate form, except as necessary in the ordinary course of UnitedHealth Group’s business. 

  

	 	iii.	Return of Property. Executive must immediately deliver to UnitedHealth Group, upon termination of employment, or at any other time at UnitedHealth Group’s request, all
UnitedHealth Group property, including records, documents, data, and equipment, and all copies of any such property, including any records or data Executive prepared during employment. 

	 	B.	Confidential Information. Executive will be given access to and provided with sensitive, confidential, proprietary and trade secret information (“Confidential
Information”) in the course of Executive’s employment. Examples of Confidential Information include: inventions; new product or marketing plans; business strategies and plans; merger and acquisition targets; financial and pricing
information; computer programs, source codes, models and databases; analytical models; customer lists and information; and supplier and vendor lists and information. Executive agrees not to disclose or use Confidential Information, either during or
after Executive’s employment with UnitedHealth Group, except as necessary to perform Executive’s UnitedHealth Group duties or as UnitedHealth Group may consent in writing. This Agreement does not restrict use or disclosure of publicly
available information or information: (i) that Executive obtained from a source other than UnitedHealth Group before becoming employed by UnitedHealth Group; or (ii) that Executive received from a source outside UnitedHealth Group without
an obligation of confidentiality. 

  

	 	C.	Non-Disparagement. Executive agrees not to criticize, make any negative comments or otherwise disparage UnitedHealth Group or those associated with it, whether orally, in
writing or otherwise, directly or by implication, to any person or entity, including UnitedHealth Group customers and agents. 

  

	 	D.	Restrictive Covenants. Executive agrees to the restrictive covenants in this Section in consideration of Executive’s employment and UnitedHealth Group’s promises in
this Agreement, including providing Executive access to Confidential Information. The restrictive covenants in this Section apply during Executive’s employment and for 12 months following termination of employment for any reason. Executive
agrees that he/she will not, without UnitedHealth Group’s prior written consent, directly or indirectly, for Executive or for any other person or entity, as agent, employee, officer, director, consultant, owner, principal, partner or
shareholder, or in any other individual or representative capacity: 

  

	 	i.	Customer Solicitation: Executive will not engage in, or attempt to engage in, any business competitive with any UnitedHealth Group business with any person or entity who:
(a) was a UnitedHealth Group provider or customer within the 12 months before Executive’s employment termination and (b) with whom Executive had contact to further UnitedHealth Group’s business or for whom Executive performed
services, or supervised the provision of services for, during Executive’s employment. 

  

	 	ii.	Employee Solicitation: Executive will not hire, employ, recruit or solicit any UnitedHealth Group employee or consultant. 

  

	 	iii.	Interference: Executive will not induce or influence any UnitedHealth Group employee, consultant, customer or provider to terminate his, her or its employment or other
relationship with UnitedHealth Group. 

	 	iv.	Competitive Activities: Executive will not engage or participate in, or in any way render services or assistance to, any business that competes, directly or indirectly, with
any UnitedHealth Group product or service that Executive participated in, engaged in, or had Confidential Information regarding, during Executive’s employment. 

  

	 	v.	Assisting Others. Executive will not assist anyone in any of the activities listed above. 

 UnitedHealth Group may extend the period that the provisions of this Section 5.D are in effect so that the total effective period is up to 24 months
following Executive’s termination, if UnitedHealth Group pays, or continues to pay, Executive Severance Benefits under Section 4 during such extension. UnitedHealth Group may make this election and pay Severance Benefits during the
extension, even in circumstances where Executive’s termination does not entitle Executive to any Severance Benefits and therefore Executive does not receive any Severance Benefits for the initial effective period of this Section 5.D.

  

	 	E.	Cooperation. Executive agrees that he will cooperate (i) with UnitedHealth Group in the defense of any legal claim involving any matter that arose during
Executive’s employment with UnitedHealth Group, and (ii) with all government authorities on matters pertaining to any investigation, litigation or administrative proceeding concerning UnitedHealth Group. UnitedHealth Group will reimburse
Executive for any reasonable travel and out-of-pocket expenses incurred by Executive in providing such cooperation. 

  

	 	F.	Injunctive Relief. Executive agrees that (a) legal remedies (money damages) for any breach of Section 5 will be inadequate, (b) UnitedHealth Group will suffer
immediate and irreparable harm from any such breach, and (c) UnitedHealth Group will be entitled to injunctive relief from a court in addition to any legal remedies UnitedHealth Group may seek in arbitration. If an arbitrator or court
determines that Executive has breached any provision of Section 5, Executive agrees to pay to UnitedHealth Group its reasonable costs and attorney’s fees incurred in enforcing that provision. 

  

	 	G.	Survival. This Section 5 will survive this Agreement’s termination. 

  

	6.	Miscellaneous. 

  

	 	A.	Assignment. Executive may not assign this Agreement. UnitedHealth Group may assign this Agreement in its sole discretion. Any successor to UnitedHealth Group will be deemed
to be UnitedHealth Group under this Agreement. 

	 	B.	Entire Agreement, Amendment. This Agreement contains the parties’ entire agreement regarding its subject matter and may only be amended in a writing signed by the
parties. This Agreement supersedes any and all prior oral or written employment agreements (including letters and memoranda) between Executive and UnitedHealth Group or its predecessors. This Agreement does not supersede any stock option, restricted
stock, or stock appreciation rights plan or award agreement. 

  

	 	C.	Choice of Law. Minnesota law governs this Agreement. 

  

	 	D.	Waivers. No party’s failure to exercise, or delay in exercising, any right or remedy under this Agreement will be a waiver of such right or remedy, nor will any single
or partial exercise of any right or remedy preclude any other or further exercise of such right or remedy. 

  

	 	E.	Narrowed Enforcement and Severability. If a court or arbitrator decides that any provision of this Agreement is invalid or overbroad, the parties agree that the court or
arbitrator should narrow such provision so that it is enforceable or, if narrowing is not possible or permissible, such provision should be considered severed and the other provisions of this Agreement should be unaffected. 

 

	 	F.	Dispute Resolution and Remedies. Except for injunctive relief under Section 5.E, any dispute between the parties relating to this Agreement or to Executive’s
employment will be resolved by binding arbitration under UnitedHealth Group’s Employment Arbitration Policy, as it may be amended from time to time. The arbitrator(s) may not vary this Agreement’s terms and must apply applicable law.

  

									
	United HealthCare Services, Inc.	 		 	Eric Rangen
				
	By	 	/s/ Richard H. Anderson	 		 	/s/ Eric S. Rangen
	Its Officer	 		 		 	
	Date December 15, 2006	 		 	Date December 15, 2006Form of C&F Financial Corporation Restricted Stock Agreement

 EXHIBIT 10.16 
 C&F FINANCIAL CORPORATION 
 2004 INCENTIVE STOCK PLAN 
 FORM OF RESTRICTED STOCK AGREEMENT 
 Granted {DATE 1} 
 This Restricted Stock Agreement is entered into as of {DATE 1} pursuant to Article VIII of the C&F
Financial Corporation 2004 Incentive Stock Plan (the “Plan”) and evidences the grant, and the terms, conditions and restrictions pertaining thereto, of Restricted Stock awarded to {NAME} (the “Participant”). 
  

	1.	Award of Shares. In consideration of the services rendered to C&F Financial Corporation (the “Company”) and/or its Subsidiaries by the Participant as a Key
Employee of the Company or a Subsidiary, the Committee hereby grants to the Participant a Restricted Stock Award as of {DATE 1} (“Award Date”), covering {NUMBER} Shares of the Company’s Stock (the “Award Shares”) subject to
the terms, conditions, and restrictions set forth in this Agreement. This Award is granted pursuant to the Plan and is subject to the terms thereof. 

  

	2.	Period of Restriction. 

  

	 	(a)	Subject to earlier vesting or forfeiture as hereinafter provided, the period of restriction (the “Period of Restriction”) applicable to the Award Shares is as follows:
{INSERT VESTING SCHEDULE}. 

  

	 	(b)	Notwithstanding any other provision of this Agreement to the contrary, if a Change in Control occurs after the Award Date and during the continuation of the Participant’s
Company Service (as defined in Paragraph 7), the Period of Restriction shall end and any remaining restrictions applicable to any of the Award Shares shall automatically terminate and the Award Shares shall be free of restrictions and freely
transferable. 

  

	 	(c)	Except as otherwise provided pursuant to Paragraph 2(b) or 6, the applicable portion of the Award Shares shall become freely transferable by the Participant after the last day
of its Period of Restriction. 

  

	3.	Stock Certificates. The stock certificate(s) for the Award Shares shall be registered on the Company’s stock transfer books in the name of the Participant in book entry
or electronic form or in certificated form as determined by the Committee. If issued in certificated form, physical possession of the stock certificate(s) shall be retained by the Company until such time as the Period of Restriction lapses.

 Any Award Shares issued in book entry or electronic form shall be subject to the following legend, and any certificate(s)
evidencing the Award Shares shall bear the following legend, during the Period of Restriction: 
 The sale or other transfer of the Shares of
Stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer set forth in the C&F Financial Corporation 2004 Incentive Stock Plan, in the rules and administrative
procedures adopted pursuant to such Plan, and in a Restricted Stock Agreement dated {DATE 1}. A copy of the Plan, such rules and procedures, and such Restricted Stock Agreement may be obtained from the Secretary of C&F Financial Corporation.

  

	4.	Voting Rights. During the Period of Restriction, the Participant may exercise full voting rights with respect to the Award Shares. 

	5.	Dividends and Other Distributions. During the Period of Restriction, the Participant shall be entitled to receive currently all dividends and other distributions paid with
respect to the Award Shares (other than dividends or distributions which are paid in Shares of Stock). If, during the Period of Restriction, any such dividends or distributions are paid in Shares of Stock, such Shares shall be registered in the name
of the Participant and, if issued in certificate form, deposited with the Company as provided in Paragraph 3, and such Shares shall be subject to the same restrictions on transferability as the Award Shares with respect to which they were paid.

  

	6.	Company Service and Forfeiture. 

  

	 	(a)	If the Participant’s Company Service (as defined in Paragraph 7) ceases due to the Participant’s death or permanent and total disability (within the meaning of
Section 22(e)(3) of the Internal Revenue Code), any remaining Period of Restriction applicable to the Award Shares shall automatically terminate and the Award Shares shall be free of restrictions and freely transferable.

  

	 	(b)	If the Participant’s Company Service (as defined in Paragraph 7) ceases due to the Participant’s retirement from employment with the Company or one of its
Subsidiaries in accordance with any applicable Company policy on mandatory or permissive, early or normal retirement as in effect at the date of such retirement during the Period of Restriction, the restrictions applicable to the Award Shares shall
automatically terminate and the Award Shares shall be free of restrictions and freely transferable. 

  

	 	(c)	If the Participant’s Company Service (as defined in Paragraph 7) ceases due to termination by the Company or one of its Subsidiaries for reasons other than for Cause, the
restrictions applicable to the Award Shares shall automatically terminate and the Award Shares shall be free of restrictions and freely transferable. For purposes hereof, 

  

	 	(i)	“Cause” means continued neglect of duties and obligations, willful or material misconduct in connection with the performance of the Participant’s duties and
obligations, repeated failure substantially to perform assigned duties appropriate for the Participant’s position, and any other conduct of the Participant involving moral turpitude, commission of a crime, engaging in Competition (as defined
below) or Unauthorized Disclosure of Confidential Information (as defined below), habitual drunkenness or drug abuse, or any illegal act or intentional act evidencing bad faith by the Participant toward the Company or one of its Subsidiaries that
would make retention of the Participant in his position with the Company or Subsidiary prejudicial to its best interests. 

  

	 	(ii)	“Competition” means engaging by the Participant, without the written consent of the Board of Directors of the Company, or a committee thereof, or a person authorized
thereby, in an activity as an officer, a director, an employee, a partner, a more than one percent shareholder or other owner, an agent, a consultant, an independent contractor, or any other individual or representative capacity (unless the
Participant’s duties, responsibilities and activities, including supervisory activities, for or on behalf of such activity, are not related in any way to such “competitive activity”) if it involves: 

  

	 	(A)	engaging in, or entering into services or providing advice pertaining to, any banking, lending, other financial activity or other business activity that the Company or any of its
Subsidiaries actively engages in within fifty (50) miles of any branch or office of, or in any service area in which such activity is conducted by, the Company or any of its Subsidiaries, or 

  

	 	(B)	soliciting or contacting, either directly or indirectly, any of the customers of the Company or any of its Subsidiaries for the purpose of competing with the products or services
provided by the Company or any of its Subsidiaries, or 

  

 - 2 - 

	 	(C)	employing or soliciting for employment any employees of the Company or any of its Subsidiaries. 

  

	 	(iii)	“Unauthorized Disclosure of Confidential Information” means the disclosure by the Participant, without the written consent of the Board of Directors of the Company, or a
committee thereof, or a person authorized thereby, to any person other than as required by law or court order, or other than to an authorized employee of the Company or any Subsidiary, or to a person to whom disclosure is necessary or appropriate in
connection with the performance by the Participant of his duties as an employee of, or in any other capacity for, the Company or any Subsidiary (including, but not limited to, disclosure to the Company’s or any Subsidiary’s outside
counsel, accountants or bankers of financial data properly requested by such persons and approved by an authorized officer of the Company), any confidential information of the Company or any of its Subsidiaries with respect to any of the marketing
or advertising, customers, services, solicitation techniques or methods, business plans and financial statements, reports and projections, or any other confidential information relating to or dealing with the business operations or activities of the
Company or any of its Subsidiaries; provided, however, that: 

  

	 	(A)	confidential information shall not include any information known generally to the public (other than as a result of unauthorized disclosure by the Participant) or any information of
a type not otherwise considered confidential by persons engaged in the same activity or an activity similar to that conducted by the Company or any of its Subsidiaries; and 

  

	 	(B)	the Participant shall be allowed to disclose confidential information to the Participant’s attorney solely for the purpose of ascertaining whether such information is
confidential within the intent of this Agreement, but only so long as the Participant both discloses to the Participant’s attorney the provisions of this paragraph and agrees not to waive the attorney-client privilege with respect thereto.

 All determinations regarding Competition or Unauthorized Disclosure of Confidential Information under this Agreement shall be
made by the Board of Directors of the Company, or a committee thereof, in its discretion. 
  

	 	(d)	If the Participant’s Company Service (as defined in Paragraph 7) ceases for any reason other than those set forth in Paragraphs 6(a), (b) and (c) above during the
Period of Restriction, any Award Shares still subject to restrictions at the date of such cessation of Company Service shall be automatically forfeited to the Company. 

  

	7.	Company Service. 

  

	 	(a)	For purposes hereof, “Company Service” means service as an employee and includes subsequent service as a member of the Board of Directors of the Company or a Subsidiary,
if any, as provided in this paragraph. Notwithstanding any contrary provision or implication herein, in determining cessation of Company Service for purposes hereof, transfers between the Company and/or any Subsidiary shall be disregarded and shall
not be considered a cessation of Company Service, and changes in status between that of an employee and a non-employee director shall be disregarded and shall not be considered a cessation of Company Service. 

  

	 	(b)	Nothing under the Plan or in this Agreement shall confer upon the Participant any right to continue Company Service or in any way affect any right of the Company to terminate the
Participant’s Company Service without prior notice at any time for any or no reason. 

  

 - 3 - 

	8.	Withholding Taxes. The Company shall have the right to retain and withhold the amount of taxes required by any government to be withheld or otherwise deducted and paid with
respect to the Award Shares. At its discretion, the Committee may require the Participant to reimburse the Company for any such taxes required to be withheld by the Company and may withhold any distribution in whole or in part until the Company is
so reimbursed. In lieu thereof, the Company shall have the right to withhold from any other cash amounts due to or to become due from the Company to the Participant an amount equal to such taxes required to be withheld by the Company to reimburse
the Company for any such taxes; or to retain and withhold a number of Shares of Stock having a Fair Market Value not less than the amount of such taxes, and cancel any such Shares so withheld, in order to reimburse the Company for any such taxes.

  

	9.	Compliance with Securities Laws. The Company covenants that it will attempt to maintain an effective registration statement with the Securities and Exchange Commission
covering the Shares of Stock of the Company that are the subject of this Award. 

  

	10.	Administration. The Plan is administered by a Committee appointed by the Company’s Board of Directors. The Committee has the authority to construe and interpret the
Plan, to make rules of general application relating to the Plan, to amend outstanding Awards, and to require of any person receiving Stock pursuant to this Award, at the time of such receipt, the execution of any paper or the making of any
representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any state, or the execution of any paper or the payment of any sum of
money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall, in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder or by reason of the tax laws of any
state. All such Committee determinations shall be final, conclusive, and binding upon the Company and the Participant. 

  

	11.	Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the Commonwealth of Virginia. 

  

	12.	Successors. This Agreement shall be binding upon and inure to the benefit of the successors, assigns, heirs, and legal representatives of the respective parties.

  

	13.	Prohibition Against Pledge, Attachment, etc. Except as otherwise provided herein, during the Period of Restriction, the Award Shares, and the rights and privileges conferred
hereby, shall not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated in any way and shall not be subject to execution, attachment or similar process. 

  

	14.	Capitalized Terms. Capitalized terms in this Agreement have the meaning assigned to them in the Plan, unless this Agreement provides, or the context requires, otherwise.

 To evidence their agreement to the terms, conditions, and restrictions, the Company and the Participant have signed this Agreement as of the
date first above written. 
  

					
	C&F FINANCIAL CORPORATION	 	By:	 	  

			
		 	Its:	 	  

			
	PARTICIPANT:	 		 	
		 	  

		 	{NAME}

  

 - 4 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]