CarrAmerica Realty Corporation Board of Directors Annual Compensation Schedule (as of July 28, 2005)
CarrAmerica Realty Corporation sets out the annual compensation for its outside directors, including a $40,000 annual retainer, additional fees for committee chairs, and meeting attendance fees. New directors receive 1,000 shares of restricted stock with a one-year vesting period, while continuing directors receive a similar annual grant after each election. The compensation applies only to non-employee directors and covers both in-person and telephonic meetings.
Exhibit 10.1
Attachment A
CARRAMERICA REALTY CORPORATION
BOARD OF DIRECTORS ANNUAL COMPENSATION
As of July 28, 2005
Retainer | Chair Fees | Meeting Fees | |||||||||||||||||||||||||||||||
Annual Board Retainer | Audit Cmte Chair | Comp Cmte Chair | Nom/Corp Chair | Invest Cmte Chair | Exec Cmte Chair | Board Meeting Fee | Audit Cmte Meeting | Comp Cmte Meeting Fee | Nom/Corp Gov Cmte Meeting Fee | Invest Cmte Meeting Fee | Exec Cmte Meeting Fee | ||||||||||||||||||||||
$40,000 | $ | 7,500 | $ | 5,000 | $ | 5,000 | $ | 5,000 | $ | 5,000 | $ | 1,200 | $ | 1,200 | $ | 1,000 | $ | 1,000 | $ | 1,000 | $ | 1,000 |
Notes:
1) | Compensation schedule applies to outside Directors only. |
2) | In-person and telephonic attendance by Directors at meetings will be compensated at the same amount. |
3) | New Directors joining the Board will receive 1,000 shares of restricted stock as an initial grant, with a one year vesting period. |
4) | Continuing Directors receive a grant of 1,000 shares of restricted stock following the election of Directors at each annual meeting of shareholders, with a one year vesting period. |