Bunge Limited Non-Employee Directors’ Compensation Policy (Effective January 1, 2013)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Bunge Limited, effective January 1, 2013. Non-employee directors receive an annual retainer, additional fees for serving as Lead Independent Director, committee chairs, and Audit Committee members, as well as meeting fees for attendance beyond ten meetings per year. Directors are also eligible for annual and initial equity awards under the 2007 Non-Employee Directors Equity Incentive Plan. The value and form of equity awards are determined by the Compensation Committee. The policy applies to all non-employee directors of Bunge Limited.

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EX-10.41 4 a2213025zex-10_41.htm EX-10.41

Exhibit 10.41

 

BUNGE LIMITED BOARD OF DIRECTORS

 

DESCRIPTION OF NON-EMPLOYEE DIRECTORS’ COMPENSATION

 

(Effective as of January 1, 2013)

 

Annual Retainer

 

·                                          $100,000 per year.

 

Lead Independent Director Fees

 

·                                          $20,000 per year.

 

Committee Chairman Fees

 

·                                          $20,000 per year for Audit Committee chair.

·                                          $15,000 per year for each other committee chair.

 

Committee Member Fees

 

·                                          $10,000 per year for Audit Committee membership.

·                                          $0 per year for each other committee membership.

 

Meeting Fees

 

·                                          If the Board of Directors meets more than 10 times per year, each non-employee director will receive a fee of $1,000 for each additional meeting attended.

·                                          If a committee meets more than 10 times per year, each committee member will receive a fee of $1,000 for each additional meeting attended.

 

Equity Awards

 

·                                          Pursuant to the 2007 Non-Employee Directors Equity Incentive Plan, an annual equity award will be granted to each continuing non-employee director as of the date of Bunge’s annual general meeting of the shareholders.  The value and form of award are recommended by the Compensation Committee.

 

·                                          Pursuant to the 2007 Non-Employee Directors Equity Incentive Plan, an equity award will be granted upon a new non-employee director’s initial election or appointment to the Board of Directors.  The award will include a pro rata portion of the awards made to the non-employee directors generally on the immediately preceding date of grant based on the number of days from the date of the director’s initial appointment or election to the next annual general meeting.