Summary of Non-Management Director Compensation for Apco Oil and Gas International Inc.
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Summary
Apco Oil and Gas International Inc. has updated its compensation policy for non-management directors, effective July 13, 2009. Non-employee board members will receive $12,500 per quarter for board service, with additional quarterly payments of $2,500 for the Audit Committee Chair and $1,250 for the Nominating Committee Chair. Directors also receive a $1,000 fee for each day they attend meetings, regardless of the number of meetings per day. All payments are made quarterly in arrears.
EX-10.1 4 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
Exhibit 10.1
Summary of Non-Management Director Compensation Action
On July 13, 2009, the Board of Directors of Apco Oil and Gas International Inc. (the “Company”) modified, effective immediately after such date, the compensation structure awarded to members of the Board who are not employees of the Company or its affiliates. The revised compensation structure is as follows:
| Quarterly Compensation for Board Service | $12,500 |
| Quarterly Compensation for Committee Chairs: | |
| Audit Committee Chair - | $2,500 |
| Nominating Committee Chair - | $1,250 |
| Meeting Attendance Fee* | $1,000 |
The compensation set forth above is paid quarterly in arrears.
*Limited to $1,000 per day regardless of the number of meetings attended on a given day.
