SEC Contract Filing

Filing Date: 2016-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>7
<FILENAME>cffi-20151231ex109d522aa.htm
<DESCRIPTION>EX-10.9
<TEXT>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">EXHIBIT 10.9</font>

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 <a name="_DV_M0"></a><a name="_GoBack"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;"><img src="cffi20151231ex109d522aa001.jpg" style="width: 2.141667in; height: 0.7833334in" alt="GreenFinancial"></font>
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 <a name="_DV_M2"></a><font style="display:inline;font-weight:bold;font-size:11pt;">ARTICLE I</font>
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 <a name="_DV_M4"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">The purpose of the Management Incentive Plan (&#x201C;MIP&#x201D;) is to attract, retain and motivate key employees by providing incentive awards to designated executive, managerial and professional employees of C&amp;F Financial Corporation (&#x201C;Company&#x201D;) and its direct or indirect subsidiaries.</font>
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 <a name="_DV_M5"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">The MIP is designed to link key employee interests more closely with the interests of the Company&#x2019;s shareholders and to create value for the Company by maximizing achievement of corporate, business unit and individual performance goals</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">, consistent with the Company&#x2019;s risk management philosophy and safety and soundness goals</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">.</font>
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 <a name="_DV_M6"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">Each Participant&#x2019;s award under this MIP will take into account corporate performance as well as, where appropriate, his or her own business unit&#x2019;s performance. Awards under the MIP may also reflect individual performance.&nbsp; </font>
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 <a name="_DV_M7"></a><font style="display:inline;font-weight:bold;font-size:11pt;">ARTICLE II</font>
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 <a name="_DV_M8"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:11pt;">PLAN ADMINISTRATION</font>
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 <a name="_DV_M9"></a><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:11pt;">The MIP will be administered by the Compensation Committee (&#x201C;Committee&#x201D;) which will have the power and authority to interpret the MIP, select employees to participate in the MIP, establish target awards and performance objectives under the MIP, and establish guidelines for determining individual awards and rules for the operation and administration of the MIP.</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:11pt;text-decoration:none;"> &nbsp;Notwithstanding the restrictions contained in Article V below, the Committee will also have the power and authority to </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">adjust upward or downward any target award earned, </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">at </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:11pt;">it