Apco Argentina Inc. Non-Management Director Compensation Summary (Effective July 1, 2007)
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Summary
Apco Argentina Inc. has updated its compensation policy for non-management directors, effective July 1, 2007. Non-management directors will receive $12,500 per quarter for serving on the Board. Additionally, the Audit Committee Chair will receive an extra $2,500 per quarter, and the Nominating Committee Chair will receive an extra $1,250 per quarter. All payments are made quarterly in arrears. This policy applies only to directors who are not employees of the company or its affiliates.
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1
Exhibit 10.1
Summary of Non-Management Director Compensation Action
On April 5, 2007, the Board of Directors (the “Board”) of Apco Argentina Inc. (the “Company”) modified, beginning July 1, 2007, the compensation structure awarded to members of the Board who are not employees of the Company or its affiliates (each a “Non-Management Director”) as follows:
| Quarterly Compensation for Board Service: | $ | 12,500 | ||
| Quarterly Compensation for Committee Chairs: | ||||
| Audit Committee Chair - | $ | 2,500 | ||
| Nominating Committee Chair - | $ | 1,250 |
The compensation set forth above is paid quarterly in arrears.
