Summary of Compensation to Non-Employee Director (John M. Deutch) – Cheniere Energy, Inc.
Cheniere Energy, Inc. appointed John M. Deutch as a director on December 15, 2006. As compensation, Mr. Deutch received 25,000 fully vested stock options with a ten-year term, exercisable at $28.22 per share, which was the closing price on the grant date. He also received $50,000 in compensation for his service term, paid in 2,362 shares of restricted stock. This agreement outlines the compensation terms for Mr. Deutch's service as a non-employee director.
Exhibit 10.1
Summary of Compensation to Non-Employee Directors
On December 15, 2006 (the “Grant Date”), Mr. John M. Deutch was elected as a director of Cheniere Energy, Inc. (the “Company”) and was granted 25,000 fully vested stock options with a term of ten years. The exercise price of the stock options is the closing price of the Company’s common stock as reported on the American Stock Exchange on the Grant Date or $28.22. In addition, Mr. Deutch received compensation for the term of service from December 15, 2006 through May 2006 of $50,000, payable in 2,362 shares of the Company’s restricted stock.
