Amplify Snack Brands, Inc. Non-Employee Director Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This policy outlines the compensation for non-employee directors of Amplify Snack Brands, Inc. Outside directors receive an annual cash retainer for board service, with additional payments for serving as committee members or chairpersons, and for the chairperson of the board. The company also reimburses reasonable expenses related to attending board or committee meetings. The policy aims to attract and retain qualified directors who are not company employees or officers.

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EX-10.24 13 d893087dex1024.htm EX-10.24 EX-10.24

Exhibit 10.24

Amplify Snack Brands, Inc.

Non-Employee Director Compensation Policy

The purpose of this Non-Employee Director Compensation Policy (the “Policy”) of Amplify Snack Brands, Inc., a Delaware corporation (the “Company”), is to provide a total compensation package that enables the Company to attract and retain, on a long-term basis, high-caliber directors who are not employees or officers of the Company or its subsidiaries (“Outside Directors”). In furtherance of the purpose stated above, all Outside Directors shall be paid compensation for services provided to the Company as set forth below:

I. Cash Retainers

 

  (a) Annual Retainer for Board Membership: $55,000 per annum for general availability and participation in meetings and conference calls of our Board of Directors.

 

  (b) Additional Retainers for Committee Membership:

 

Audit Committee Chairperson:

 $ 15,000 per annum   

Audit Committee member:

 $ 2,500 per annum   

Compensation Committee Chairperson:

 $ 10,000 per annum   

Compensation Committee member:

 $ 2,500 per annum   

Nominating and Corporate Governance Committee Chairperson:

 $ 5,000 per annum   

Nominating and Corporate Governance Committee member:

 $ 2,500 per annum   

 

  (c) Additional Retainers for Chairperson of the Board: $35,000 per annum to acknowledge the additional responsibilities and time commitment of the Chairperson role.

II. Expenses

The Company will reimburse all reasonable out-of-pocket expenses incurred by Outside Directors in attending meetings of the Board or any Committee thereof.