Summary of Director Compensation for AmeriGas Propane, Inc. (Effective October 1, 2016)
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This document outlines the compensation structure for directors of AmeriGas Propane, Inc., the general partner of AmeriGas Partners, L.P., effective October 1, 2016. Directors who are not officers or employees receive an annual cash retainer of $75,000 and 1,400 phantom units awarded in January 2017. Additional cash retainers are provided for service on specific board committees or as presiding director. Officers or employees serving as directors do not receive this compensation.
EX-10.28 5 apu201610kex1028.htm EXHIBIT 10.28 Exhibit
EXHIBIT 10.28
SUMMARY OF DIRECTOR COMPENSATION
OF
AMERIGAS PROPANE, INC.
(the General Partner of AmeriGas Partners, L.P.)
The table below shows the components of director compensation effective October 1, 2016. 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 on any Committee of the Board.
CASH EQUITY
COMPONENT COMPONENT
Annual Retainer | $75,000 1,400 Phantom Units |
(Representing
AmeriGas Partners, L.P.
Common Units to be
awarded in January 2017).
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
Corporate Governance
Committee Chairperson $ 7,500
Additional Annual Retainer for
Compensation/Pension Committee
Chairperson $ 7,500
Additional Annual Retainer for
Presiding Director $15,000
