American Italian Pasta Company Board of Directors CompensationProgram Effective as amended August 17,2009*

EX-10.1 2 a2195602zex-10_1.htm EX-10.1

Exhibit 10.1

 

American Italian Pasta Company

Board of Directors Compensation Program

Effective as amended August 17, 2009*

 

Annual Board Retainer

 

 

 

 

 

Cash

 

Chairperson: $60,000 in cash

 

 

Other Board members: $30,000 in cash

Equity Grants

 

A number of shares of common stock equal to $55,000 payable once each year on, and based on the market price on, the first to occur of (1) the day of the annual stockholder meeting or (2) the third Thursday in February

 

 

 

Audit Committee Chairperson

 

$8,000 per year

 

 

 

Compensation Committee Chairperson

 

$5,000 per year

 

 

 

Governance Committee Chairperson

 

$5,000 per year

 

 

 

Enterprise Risk Management Committee Chairperson

 

$5,000 per year

 

 

 

Board Meeting Attendance

 

$1,500 per meeting (as designated by the Chairperson as an official Board meeting)

 

 

 

Committee Meetings

 

$1,000 per meeting (as designated by the Committee Chairperson as a paid meeting)

 


*Compensation for service on any other committees will be reviewed and approved by the Board of Directors upon recommendation of the Compensation Committee when such committees are formed.

 

**Directors are required to maintain stock ownership equivalent to $75,000 in equity value.