CNA Financial Corporation Board of Directors and Committee Member Fee Schedule (2004)
This agreement outlines the annual retainers and meeting fees for members of the Board of Directors and various committees of CNA Financial Corporation for 2004. It specifies the compensation amounts for directors and committee members, including higher fees for chairpersons. Directors who are employees of CNA Financial or its subsidiaries are not eligible for these retainers. The document also details per-meeting fees for certain committee chairpersons for meetings held outside the regular schedule.
EXHIBIT 10.20
CNA FINANCIAL CORPORATION
BOARD OF DIRECTORS
TERM SHEET – DIRECTOR AND COMMITTEE MEMBER FEE SCHEDULE –
2004
ANNUAL RETAINERS
*Directors — $25,000.00
Audit Committee Members — $25,000.00 (Chairperson receives $35,000.00)
Incentive Compensation Committee Members — $10,000.00 (Chairperson receives $15,000.00)
Finance Committee Members — $4,000.00
Executive Committee Members — $4,000.00
MEETING FEE
A per-meeting fee of $600.00 was paid to the Chairpersons of the Audit and Incentive Compensation Committees for each meeting in 2004 with management, external auditors, advisors and other appropriate persons held to carry out their respective duties between regularly scheduled meetings of the respective Committees.
*Directors who are employees of CNAF or any of its subsidiaries do not receive annual retainers for Board of Directors or Committee service.
