Exhibit 10.18(16)

 

OLD DOMINION FREIGHT LINE, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE

EFFECTIVE AS OF THE 2024 ANNUAL MEETING OF SHAREHOLDERS

 

 

 

Annual Cash

 

 

 

Annual Restricted

 

Director Role

 

Retainer

 

 

 

Stock Grant Amount

 

Member (all non-employee directors)

 

$

110,000

 

 

 

$

165,000

 

Lead Independent Director

 

25,000

 

(1)

 

 

—

 

Audit Committee Chair

 

25,000

 

(1)

 

 

—

 

Compensation Committee Chair

 

20,000

 

(1)

 

 

—

 

Governance and Nomination Committee Chair

 

20,000

 

(1)

 

 

—

 

Risk Committee Chair

 

20,000

 

(1)(2)

 

 

—

 

 

(1)
Each non-employee Chair of a Board Committee and the Lead Independent Director receives this annual retainer in addition to the $110,000 annual cash retainer paid to all non-employee directors.
(2)
This change was effective as of May 17, 2023.