Summary of Compensation for Board of Directors of Agree Realty Corporation (Effective January 1, 2019)
This document outlines the compensation structure for non-employee members of the Board of Directors of Agree Realty Corporation, effective January 1, 2019. Non-employee directors receive an annual cash retainer of $50,000, with additional payments of $6,000 for the Audit Committee Chair and Lead Independent Director roles. Directors traveling from outside Bloomfield Hills, Michigan, are reimbursed for travel expenses. Directors who are employees or officers of the company do not receive compensation for board service.
Exhibit – 10.14
SUMMARY OF COMPENSATION FOR
THE BOARD OF DIRECTORS OF
AGREE REALTY CORPORATION
(Effective as of January 1, 2019)
Annual Cash Retainer:
Non-Employee Director:$50,000
Audit Committee Chair:$6,000 (in addition to non-employee retainer)
Lead Independent Director: $6,000 (in addition to non-employee retainer)
Other:
Directors traveling from outside the Bloomfield Hills, Michigan area are reimbursed for all out-of-pocket expenses incurred in connection with attending meetings of the Board or any committees thereof.
Directors who are employees or officers of the Company do not receive any compensation for serving on the Board or any committees thereof.
