2023 Non-Employee Director Fees
EX-10.1 2 cpb-exb101x10302022x10xq.htm EX-10.1 Document
Exhibit 10.1
CAMPBELL SOUP COMPANY
Non-Employee Director Compensation for Calendar 2023
Board and Committee Retainer for Calendar 2023
$119,000 shall be paid in cash
$152,000 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:
| $350,000 | Chair of the Board | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $30,000 | Audit Committee chair | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $25,000 | Compensation and Organization Committee chair | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $20,000 | Finance Committee chair | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $20,000 | Governance Committee chair | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $7,500 | 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.
