Exhibit 10(f)
1st FRANKLIN FINANCIAL CORPORATION
Director Compensation Summary Term Sheet
Compensation to be paid to the following directors, whether or not executive officers of the Company, will be as follows:
Name of Director Compensation
| | | | | | | | | | | |
| Ben F. Cheek, III (Chairman Emeritus) * | | | $ | — | |
| Ben F. Cheek, IV (Chairman) | | | $ | 35,000 | |
| A. Roger Guimond | | | $ | 35,000 | |
| James H. Harris, III | | | $ | 35,000 | |
| Jerry J. Harrison, Jr. | | | $ | 35,000 | |
| Virginia C. Herring | | | $ | 35,000 | |
| Donata Ison | | | $ | 35,000 | |
| John G. Sample, Jr. (Audit Committee Chairman) | | | $ | 40,000 | |
| C. Dean Scarborough | | | $ | 35,000 | |
| Keith D. Watson | | | $ | 35,000 | |
* Note: Mr. Ben F. Cheek, III elected not to receive any Director Fees.