Cabela's Incorporated Summary of Non-Employee Director Compensation
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Summary
This document outlines the compensation structure for non-employee directors of Cabela's Incorporated. Directors receive an annual retainer of $22,500, with additional fees for attending board and committee meetings, either in person or by phone. Committee chairs for the audit committee receive an extra $10,000 annually. Directors are reimbursed for reasonable expenses related to meetings. Stock options are granted upon joining the board, annually, and upon retirement within one year of the company's IPO, with specific vesting terms.
EX-10.1 2 exh10-1compsumm.htm EXHIBIT 10.1 SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 10.1 Summary of Non-Employee Director Compensation
Exhibit 10.1
CABELA'S INCORPORATED
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
Annual Retainer | $ 22,500 | |
Meeting Fees: | ||
Participation in person | $ 2,500 | |
Telephonic participation | $ 1,000 | |
Committee Meeting Fees | ||
Participation in person (other than the day of board meeting) | $ 1,500 | |
Telephonic participation (other than the day of board meeting) | $ 500 | |
In person or telephonic participation on day of board meeting | $ 0 | |
Committee Chair Retainer | ||
Audit committee | $ 10,000 | |
Other committees | $ 0 | |
Expense Reimbursement | Reasonable expenses incurred to attend board and committee meetings |
Stock Options (granted at fair market value on date of grant) | |
Upon election/appointment to board | 2,000 (1 year vesting) |
Annually thereafter | 2,000 (1 year vesting) |
Upon retirement within one year of IPO | 2,000 (immediately vested) |
(if a director at the time of IPO) | |