Alleghany Corporation Outside Directors' Cash Compensation Summary (Effective July 1, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

Alleghany Corporation has established a compensation plan for its outside directors, effective July 1, 2005. Under this arrangement, outside directors receive annual fees and additional payments for attending board and committee meetings. Chairpersons of the Executive, Audit, Compensation, and Nominating and Governance Committees receive higher annual fees. The agreement outlines specific compensation amounts for each role and meeting type, ensuring clear and structured payments for board service.

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EX-10.1 2 y11672exv10w1.txt SUMMARY DESCRIPTION OF COMPENSATORY ARRANGEMENTS . . . Exhibit 10.1 ALLEGHANY CORPORATION OUTSIDE DIRECTORS' CASH COMPENSATION Effective July 1, 2005 For Service On: Fee: --------------- ---- Board of Directors $30,000 per year; $1,000 per meeting attended and $500 per conference telephone meeting Executive Committee $7,500 per year; $25,000 for Chairman Audit Committee $15,000 per year; $30,000 for Chairman Compensation Committee $10,000 per year; $15,000 for Chairman Nominating and Governance Committee $7,000 per year; $12,000 for Chairman