Acuity Brands, Inc. Compensation for Non-Employee Directors (Effective September 1, 2018)
Contract Categories:
Human Resources
›
Compensation Agreements
EX-10.C 4 ayi-20181130xex10c.htm EXHIBIT 10.C Exhibit
Exhibit 10(c)
Acuity Brands, Inc.
Compensation for Non-Employee Directors
(Effective September 1, 2018)
Annual Retainer
Cash Retainer | $80,000 |
Non-Cash Retainer | $145,000 |
Annual cash retainer is payable quarterly in arrears. The non-cash Retainer is deferred into the Nonemployee Director Deferred Compensation Plan until the nonemployee director stock ownership requirement has been met (5 times the annual cash retainer, or $400,000). If the stock ownership requirement has been met, each director may elect to have the value issued in the form of a stock grant or elect to have it deferred into the Nonemployee Director Deferred Compensation Plan.
Annual Committee Chair Retainers
Audit Committee | $15,000 |
Compensation Committee | $15,000 |
Nominating and Governance Committee/Lead Director | $25,000 |
Annual retainers to committee chairs are payable quarterly in arrears.
Additional Meeting Fees
Board Meeting Fee (for each meeting attended in excess of 6 meetings) | $2,000 |
Committee Meeting Fee (for each meeting attended in excess of 6 meetings) | $1,500 |
Additional meetings fees are payable quarterly in arrears, if earned.
Equity Compensation
Each non-employee director continuing after the January 4, 2019 Annual Shareholders’ Meeting received a restricted stock award valued at $50,000 (429 shares). The shares will vest ratably over three years beginning on the first anniversary of the grant date (January 4, 2019).
