Non-Employee Director Compensation Policy for Avatar
This document outlines the annual compensation for directors of Avatar who are not salaried employees. Non-employee directors receive a base annual fee of $32,500. Additional annual retainers are provided for service on specific committees: $2,000 for Executive Committee members, $12,000 and $14,000 for Audit Committee members and chairman, $4,000 and $7,000 for Nominating and Corporate Governance Committee members and chairman, and $4,000 and $5,000 for Compensation Committee members and chairman, respectively.
Exhibit 10(am) – Non-Employee Director Compensation
Non-Employee Director Compensation
Currently, compensation of directors who are not salaried employees of Avatar is $32,500 per annum. A member of the Executive Committee who is not a salaried employee of Avatar receives a retainer of $2,000 per annum. Members and Chairman of the Audit Committee receive additional compensation of $12,000 and $14,000 per annum, respectively. Members and the Chairman of the Nominating and Corporate Governance Committee receive additional compensation of $4,000 and $7,000, respectively. Members and the Chairman of the Compensation Committee receive additional compensation of $4,000 and $5,000 per annum, respectively.
