Baker Hughes Incorporated Director Compensation Table

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for independent directors of Baker Hughes Incorporated. Independent directors receive an annual cash retainer of $60,000, with additional retainers for committee chairmanships and memberships. They also receive annual equity awards totaling $150,000, split between restricted stock and stock options. Directors are reimbursed for reasonable travel and related expenses. The compensation is structured to be awarded at specific times during the year, with restricted stock granted in January and stock options granted in January and July.

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EX-10.4 5 h29684exv10w4.htm COMPENSATION TABLE FOR DIRECTORS exv10w4  

Exhibit 10.4
BAKER HUGHES INCORPORATED
Compensation Table for Directors
         
Independent Directors 1:
        
 
        
Annual Cash Retainer
   $ 60,000  
Audit/Ethics Committee Chairman Annual Retainer:
   $ 20,000  
Other Committee Chairman Annual Retainer:
   $ 15,000  
Audit/Ethics Committee Members Retainer:
   $ 10,000  
Other Committee Members Retainer (Excluding Executive Committee):
   $ 5,000  
 
        
Annual Non-Retainer Equity:
   $ 150,000 *
 
*   $100,000 of restricted stock will be awarded in January of each year and
 
    $25,000 of stock options will be awarded in January and July of each year.
1 Independent directors are reimbursed for reasonable travel and related expenses.