NONEMPLOYEE DIRECTORS COMPENSATION Effective November 2, 2011
EX-10.14.2 4 dex10142.htm DESCRIPTION OF NONEMPLOYEE DIRECTORS COMPENSATION Description of Nonemployee Directors Compensation
Exhibit 10.14.2
NONEMPLOYEE DIRECTORS COMPENSATION
Effective November 2, 2011
| Annual retainer | $22,500 per quarter, payable in cash or as otherwise elected by a nonemployee director pursuant to the Deferred Compensation Plan (“Deferred Plan”). | |
| Annual RSU grant1 | An annual restricted share unit (“RSU”) grant of the number of RSUs equal to $140,000 divided by the closing price of the Company’s common shares on the date of grant (the “Grant Date Closing Price”); one year cliff vest. | |
| Presiding Director | Additional retainer is $5,000 per quarter, payable in cash or as elected under Deferred Plan. Annual RSU grant value increased by $20,000. | |
| Audit Committee Chair | Additional retainer is $5,000 per quarter, payable in cash or as elected under Deferred Plan. | |
| Human Resources and Compensation Committee Chair | Additional retainer is $3,750 per quarter, payable in cash or as elected under Deferred Plan. | |
| Nominating and Governance Committee Chair | Additional retainer is $2,500 per quarter, payable in cash or as elected under Deferred Plan | |
| 1 | Awards to be granted pursuant to the 2007 Nonemployee Directors’ Equity Incentive Plan, as amended. |
