AGCO Corporation Director Compensation Agreement for Non-Employee Directors (2007)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation structure for non-employee directors of AGCO Corporation as of February 28, 2007. Non-employee directors receive an annual base retainer, an annual stock grant, and fees for attending board and committee meetings, with additional compensation for serving as lead director or committee chair. The agreement specifies payment amounts for in-person and telephone meetings, as well as for committee participation. The terms are designed to compensate directors for their service and participation in board activities.

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EX-10.25 3 g05639exv10w25.htm EX-10.25 DIRECTOR COMPENSATION AGREEMENT EX-10.25 DIRECTOR COMPENSATION AGREEMENT  

Exhibit 10.25
AGCO CORPORATION DIRECTOR COMPENSATION
FOR NON-EMPLOYEE DIRECTORS
(As of February 28, 2007)
     
Annual Base Retainer:
  $40,000
 
    
Annual AGCO Stock Grant:
  Equivalent to $25,000 (based on closing price on day of Annual Meeting)
 
    
Board Meeting Fee:
  $2,000 per meeting
 
    
Telephone Board Meeting Fee:
  $1,000 per meeting
 
    
Lead Director Fee:
  $25,000
 
    
Committees:
    
 
    
Chairman Annual Retainer:
  $10,000 (but $15,000 for Audit)
 
    
Member Annual Retainer
  $5,000 per committee
 
    
Committee Meeting Fee:
    
Chairman:
  $1,500 per meeting
Phone Meeting:
  $1,000 per meeting
Member:
  $1,000 per meeting
Phone Meeting:
  $500 per meeting