American Electric Power Company, Inc. Schedule of Non-Employee Directors’ Annual Compensation (Effective January 1, 2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for non-employee directors of American Electric Power Company, Inc. Effective January 1, 2006, directors receive a base retainer, additional fees for committee roles, and annual stock units. Compensation includes $67,500 for board service, extra amounts for Audit Committee roles and Presiding Director, and $82,500 in company stock units. Directors are also paid $1,200 per day for special assignments. Retainers are paid quarterly.

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EX-10.(U) 6 x10u.htm SCHEDULE OF DIRECTORS' ANNUAL COMPENSATION Director's Compensation
EXHIBIT 10(u)


AMERICAN ELECTRIC POWER COMPANY, INC.

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

Effective January 1, 2006


Retainer1
            Amount
 
 
Service as a Director
            $67,500
 
 
Service as Audit Committee Chair
            $15,000
 
 
Service as Audit Committee Member
            $12,000
 
 
Service as Presiding Director
            $15,000


1 Retainer amounts are paid quarterly


Each non-employee director also receives annually $82,500 in AEP stock units pursuant to the AEP Stock Unit Accumulation Plan. In addition, non-employee directors will be paid a fee of $1,200 per day for special assignments (such as attendance at Nuclear Regulatory Commission meetings).