Avery Dennison Corporation Non-Employee Director Compensation Summary (Effective July 27, 2006)
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Summary
This document outlines the compensation structure for non-employee directors of Avery Dennison Corporation, effective July 27, 2006. It specifies annual retainers for the non-executive Chairman and other directors, meeting fees, annual stock payments, and additional compensation for committee chairmanships and participation. The summary details the amounts paid for each role and responsibility, ensuring transparency in director compensation.
EX-10.4 2 a27721exv10w4.htm EXHIBIT 10.4 exv10w4
Exhibit 10.4
Avery Dennison Corporation
Non-Employee Director Compensation Summary(1)
Board members | ||||
Annual retainer for non-executive Chairman | $ | 220,000 | ||
Annual retainer for other Directors | $ | 55,000 | ||
Meeting fees | $ | 1,500 | ||
Annual stock payment (shares of ADC stock) | 750 | |||
Committee Chairman retainer | ||||
Audit Committee | $ | 10,000 | ||
Compensation and Executive Personnel Committee | $ | 10,000 | ||
Other Committees | $ | 5,000 | ||
Committee meeting fees | ||||
Chairman | $ | 2,000 | ||
Members | $ | 1,500 |
| (1) | Effective July 27, 2006 |
