Summary of Nonemployee Director Compensation for The Boeing Company (Effective January 1, 2011)
The Boeing Company has updated its compensation for nonemployee directors, effective January 1, 2011. Nonemployee directors will receive an annual cash retainer of $110,000 and an annual retainer in deferred stock units of $140,000. Additional annual retainers are provided for committee chairs and the lead director, ranging from $15,000 to $25,000. All other compensation components remain unchanged from the previous year. This summary outlines the compensation structure for nonemployee members of Boeing's Board of Directors.
EXHIBIT (10)(i)
SUMMARY OF NONEMPLOYEE DIRECTOR COMPENSATION
On August 23, 2010, the Board of Directors (the “Board”) of The Boeing Company (the “Company”) approved an increase in the annual cash retainer for nonemployee directors from $100,000 to $110,000 and an increase in the annual retainer in deferred stock units for nonemployee directors from $130,000 to $140,000, effective January 1, 2011. The remaining components of nonemployee director compensation remain unchanged from the amounts described in the Company’s Proxy Statement for its 2010 Annual Meeting of Shareholders.
Nonemployee Director Compensation
(Effective January 1, 2011)
| Annual Cash Retainer | $ | 110,000 | ||
| Annual Retainer in Deferred Stock Units | $ | 140,000 | ||
| Audit Committee Chair Annual Retainer | $ | 15,000 | ||
| Governance, Organization and Nominating Committee Chair Annual Retainer | $ | 15,000 | ||
| Compensation Committee Chair Annual Retainer | $ | 15,000 | ||
| Finance Committee Chair Annual Retainer | $ | 15,000 | ||
| Special Programs Committee Chair Annual Retainer | $ | 15,000 | ||
| Lead Director Annual Retainer | $ | 25,000 |
