AEP Industries Inc. Summary of Non-Employee Director Compensation
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EX-10.9 3 d415498dex109.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Summary of Non-Employee Director Compensation
Exhibit 10.9
AEP Industries Inc.
Summary of Non-Employee Director Compensation
The non-employee directors of AEP Industries Inc. receive the following compensation for service on the Company’s Board of Directors:
| Annual retainer: | ||||
| Board | $ | 50,000 | ||
| Additional retainer: | ||||
| Audit Committee-Chair | 15,000 | |||
| Audit Committee-Member | 8,000 | |||
| Compensation Committee-Chair | 10,000 | |||
| Nominating and Corporate Governance-Chair | 7,500 | |||
| Committee attendance fees per meeting (in person) | 1,500 | |||
| Annual grant of restricted stock ($ value) | 55,000 |
The restricted stock will vest upon the first anniversary of the grant date. The restricted stock will be issued generally on the date of the annual stockholders meeting, which historically has occurred in April.
