Allstate Corporation Director Compensation Package Effective June 1, 2007
This document outlines the compensation package for directors of The Allstate Corporation, effective June 1, 2007. Directors receive an annual board retainer of $40,000, a committee chair retainer of $15,000, an annual grant of 2,000 restricted stock units, and a stock option grant for 4,000 shares. Directors can choose to receive retainers in cash or stock, with the option to defer cash payments. Restricted stock units are settled in stock after board service ends or upon death or disability. Pro rata adjustments apply for interim elections.
Exhibit 10.1
The Allstate Corporation
Director Compensation
Allstate Proposed Compensation Package
(effective June 1, 2007)
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| Annual |
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| Current (3) |
| Proposed (3) |
| Payment Date |
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| Board Retainer: (1) |
| $ | 40,000 |
| $ | 40,000 |
| June 1 |
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| Committee Chair Retainer: (1) |
| $ | 10,000 |
| $ | 15,000 |
| June 1 |
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| Annual Restricted Stock Unit Grant: (2) |
| 2,000 units |
| 2,000 units |
| December 1 |
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| Stock Option Grant: |
| 4,000 shares |
| 4,000 shares |
| June 1 |
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(1) Option to elect cash or stock; cash can be deferred.
(2) RSUs are settled in stock one year after termination of Board service or upon death or disability, if earlier.
(3) Pro rata adjustments for interim elections.
