2021 Non-Employee Director Fees

EX-10.2 2 cpb-ex102x1112010xq.htm EX-10.2 Document

Exhibit 10.2


Non-Employee Director Compensation for Calendar 2021

Board and Committee Retainer for Calendar 2021

$119,000 shall be paid in cash
$144,500 shall be paid in shares of Campbell stock

Additional Retainers for Board Chair, Committee Chairs and Audit Committee Members

In addition to the above Board and Committee retainer, the following amounts shall be paid 50% in cash and 50% in shares of Campbell stock:

Chair of the Board
Audit Committee chair
Compensation and Organization Committee chair
Finance Committee chair
Governance Committee chair
Audit Committee members (excluding the Audit Committee chair)

The retainers will be paid quarterly in arrears. Prior to the beginning of a calendar year, a non-employee director may elect to (i) receive shares of Campbell stock in lieu of the cash portion of any retainer (such election to be made in 10% increments) and/or (ii) defer all or a portion of any cash or stock retainer in accordance with the terms and conditions of the Campbell Soup Company Supplemental Retirement Plan.