CHC Group Ltd. Independent Non-Employee Director Compensation Terms (Effective May 5, 2016)
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Summary
This document outlines the compensation terms for independent non-employee directors of CHC Group Ltd., effective May 5, 2016. Directors receive an annual cash retainer of $125,000, paid quarterly, with additional fees for serving as Non-Executive Chairman or as committee chairs or members. There is also a share ownership guideline requiring directors to hold shares equal to five times the annual cash retainer within five years of appointment. The agreement specifies the amounts for each role and committee responsibility.
EX-10.28 2 exhibit1028chcgroupltd2016.htm EXHIBIT 10.28 Exhibit
Exhibit 10.28
CHC GROUP LTD.
COMPENSATION TERMS FOR INDEPENDENT NON-EMPLOYEE DIRECTORS
Effective as of May 5, 2016
Terms of Compensation | Annual Amounts |
Annual Cash Retainer | $125,000, payable quarterly in arrears |
Non-Executive Chairman Annual Cash Retainer | $150,000 |
Annual Committee Chairman Fees | Audit: $20,000 Compensation: $15,000 Nominating & Governance: $10,000 Health & Safety: $10,000 |
Annual Committee Membership Fees | Audit: $10,000 Compensation: $7,500 Nominating & Governance: $5,000 Health & Safety: $5,000 |
Share Ownership Guideline | 5x annual cash retainer within 5 years of becoming a director (e.g., current ownership value is $450,000) |
