Alpha Natural Resources, Inc. Director Compensation Policy Summary (Effective March 10, 2005)

Summary

Alpha Natural Resources, Inc. has established a compensation policy for its independent directors, effective March 10, 2005. Under this policy, independent directors receive an annual retainer of $30,000 for serving on the Board. Additional annual retainers are provided for committee chair roles: $10,000 for the Audit Committee Chair and $2,000 for chairs of other committees. Directors also receive $2,000 for each Board meeting attended and $2,000 for in-person or $1,000 for telephonic attendance at committee meetings.

EX-10.21 12 y06434exv10w21.txt SUMMARY OF DIRECTOR COMPENSATION POLICY Exhibit 10.21 SUMMARY OF ALPHA NATURAL RESOURCES, INC. DIRECTOR COMPENSATION POLICY Effective as of March 10, 2005, the Board of Directors of Alpha Natural Resources, Inc. (the "Company") approved payment of the fees set forth below to be paid to independent directors of the Company for their services on the Company's Board of Directors (the "Board") and committees of the Board ("Committees"): (i) $30,000 annual retainer for service on Board; (ii) $10,000 annual retainer for additional service as Chairman of the Audit Committee; (iii) $2,000 annual retainer for additional service as Chairman of any Committee other than the Audit Committee; (iv) $2,000 per-meeting fee for attendance at Board meetings; and (v) $2,000 per-meeting fee for in-person attendance and $1,000 per-meeting fee for telephonic attendance at Committee meetings.