Non-Employee Directors Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation policy for non-employee directors of the company. Directors receive an annual retainer, with higher amounts for the chairman, paid in deferred stock units and cash or additional deferred stock units at their option. Additional cash fees are paid for attending board and committee meetings beyond a set number per year, and extra compensation is provided to committee chairpersons. The policy specifies payment forms, amounts, and eligibility based on meeting attendance and committee roles.

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EX-10.21 2 exhibit10_21.htm EXHIBIT 10.21 exhibit10_21.htm
 
 
 

EXHIBIT 10.21
 
Non-employee Directors Compensation
 

 
 
Annual Retainer:
 
 
· $110,000 ($205,000 for the chairman of the board), paid in the form of deferred stock units
 
· $57,500, paid in cash, deferred or paid in the form of deferred stock units, at the option of the director
 
 
Attendance fees — Board meetings:
 
$2,000 in cash, per meeting, beginning with the 8th meeting of the fiscal year
 
Attendance fees — Committee meetings:
 
$1,500 in cash, per meeting, beginning with the 8th meeting of the fiscal year
 
Chairperson fees:
 
 
· $10,000 in cash, for audit committee
 
· $5,000 in cash, for compensation committee and nominating/corporate governance committee