Blyth, Inc. Non-Employee Director Compensation Policy
This document outlines the compensation policy for non-employee directors of Blyth, Inc. Non-employee directors receive an annual fee, meeting fees for attending board and committee meetings (with higher fees for in-person attendance), and reimbursement for expenses. Committee chairpersons receive additional annual retainers. The Board may also grant stock awards within specified limits. Directors who are also employees do not receive extra compensation for board service.
Exhibit 10.15
Compensation of Directors
For their services as directors of Blyth, Inc. (the “Company”), non-employee directors of the Company receive an annual fee of $20,000, reimbursement of out-of-pocket expenses, plus a fee of $1,500 for each board meeting attended in person or a fee of $500 for each board meeting attended by telephone. Each member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee, including each committee chairperson, also receives a fee of $1,500 for each committee meeting attended in person or a fee of $500 for each committee meeting attended by telephone. The chairperson of the Audit Committee receives an annual retainer fee of $10,000 and each of the chairpersons of the Compensation Committee and the Nominating and Corporate Governance Committee receive an annual retainer fee of $5,000. The full Board of Directors determines awards for non-employee directors, subject to limits of awards of 5,000 shares of Common Stock or share equivalents for new non-employee directors and 2,500 shares of Common Stock or share equivalents for annual awards to continuing non-employee directors. Directors who are also employees do not receive any additional compensation for their services as directors.
