AmeriGas Propane, Inc. Summary of Director Compensation Effective October 1, 2018
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Summary
This document outlines the compensation structure for directors of AmeriGas Propane, Inc. as of October 1, 2018. Directors who are not company officers or employees receive an annual cash retainer of $80,000 and an annual equity award valued at $85,000 in phantom units. Additional cash retainers are provided for directors serving as Presiding Director or as chair or member of key committees. Only non-employee directors are eligible for this compensation.
EX-10.26 4 apu1026exhibitdirectorcomp.htm EXHIBIT 10.26 Exhibit
Exhibit 10.26
AMERIGAS PROPANE, INC.
SUMMARY OF DIRECTOR COMPENSATION
The table below shows the components of director compensation effective October 1, 2018. A director who is an officer or employee of the Registrant or its subsidiaries is not compensated for service on the Board of Directors or for service on any Committee of the Board.
Cash Component | Equity Component (1) | ||||||
Annual Retainer | $80,000 | $ | 85,000 | ||||
Additional Annual Retainer for Presiding Director | $15,000 | ||||||
Additional Annual Retainer for Audit Committee Members (other than the Chairperson) | $10,000 | ||||||
Additional Annual Retainer for Audit Committee Chairperson | $15,000 | ||||||
Additional Annual Retainer for the Compensation and Management Development Committee Chairperson | $12,500 | ||||||
Additional Annual Retainer for the Corporate Governance Committee Chairperson | $12,500 | ||||||
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(1) Directors will receive a fixed value of phantom units representing AmeriGas Partners, L.P. common units effective on a Director’s date of election or re-election to the Board of Directors of AmeriGas Propane, Inc.
