DIRECTOR COMPENSATION
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.R 3 ex10_r.htm EXHIBIT 10.R Unassociated Document
EXHIBIT 10 (r)
DIRECTOR COMPENSATION
Effective December 30, 2002, the Board of Directors of 21st Century Insurance Group approved the following compensation:
| 1. | Annual retainer - $25,000 |
| 2. | Meeting fee - $1500 |
| 3. | Special annual retainer to members of the Audit Committee - $5000. |
The retainers are paid monthly on a pro-rata basis while the meeting fee is limited to one fee for each meeting day in which a Director is in attendance. The Directors are also reimbursed for travel and other expenses related to their responsibilities as members of the Board of Directors.
