Aqua America, Inc. 2008 Non-Employee Directors’ Compensation Policy
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Summary
Aqua America, Inc. has set its 2008 compensation for non-employee directors, including annual cash retainers, meeting fees, and an annual stock grant. Non-employee directors receive a $20,000 annual retainer, with additional amounts for committee chairs, and $1,500 per board or committee meeting attended. Each director also receives 1,500 shares of company stock annually. Directors are reimbursed for reasonable expenses related to attending meetings.
EX-10.43 8 c72540exv10w43.htm EXHIBIT 10.43 Filed by Bowne Pure Compliance
Exhibit 10.43
Non-Employee Directors’ Compensation for 2008
At its regularly scheduled meeting on December 12, 2007, the Board of Directors of Aqua America, Inc., upon the recommendation of its Executive Compensation and Employee Benefits Committee, approved the following directors’ compensation for 2008 for the non-employee directors of Aqua America, Inc.: (1) an annual cash retainer of $20,000; (2) an annual cash retainer for the Chair of the Executive Compensation and Employee Benefits Committee and Corporate Governance Committee of $5,000; (3) an annual cash retainer for the Chair of the Audit Committee of $7,500; (4) a meeting fee of $1,500 for each meeting of the Board of Directors; (5) a meeting fee of $1,500 per meeting for meetings of the Board Committees; and (6) an annual stock grant to directors of 1,500 shares payable on the first of the month following the Annual Meeting of Shareholders. All directors are reimbursed for reasonable expenses incurred in connection with attendance at Board or Committee meetings.
