Barrett Business Services, Inc. Summary of Compensation Arrangements for Non-Employee Directors
Barrett Business Services, Inc. outlines the compensation for its non-employee directors as of March 15, 2013. Non-employee directors receive an annual cash retainer, with a higher amount for the Chairman, and additional annual cash payments for serving as committee chairs. Directors are also granted restricted stock units under the company's 2009 Stock Incentive Plan, which vest over four years. These arrangements specify the pay structure and equity incentives for board members who are not company employees.
Exhibit 10.16
BARRETT BUSINESS SERVICES, INC.
SUMMARY OF COMPENSATION ARRANGEMENTS
FOR NON-EMPLOYEE DIRECTORS
As of March 15, 2013, compensation arrangements for non-employee directors of Barrett Business Services, Inc. (the “Company”) consist of (a) an annual retainer of $50,000 ($68,000 for the Chairman of the Board) payable in cash in monthly installments and (b) annual cash compensation of $15,000, $10,000, $5,000 and $5,000 payable in cash annually to the Audit, Compensation, Investment, and Corporate Governance and Nominating Committee chairs, respectively. Each non-employee director also received a grant under the Company’s 2009 Stock Incentive Plan of restricted stock units for 2,500 shares vesting in four equal annual installments effective July 2, 2012.
