CNX Gas Corporation Non-Employee Director Compensation Policy with CONSOL Energy Inc. Reference
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Summary
This document outlines the compensation policy for non-employee directors serving on the Board of Directors of CNX Gas Corporation. Non-employee directors receive annual cash awards, meeting attendance fees, and equity grants in the form of restricted stock units. Compensation varies based on committee roles and attendance. Directors who are also employees of CONSOL Energy Inc. are not eligible for these payments. Cash payments are made quarterly for actual service rendered.
EX-10.4 5 l22745aexv10w4.htm EX-10.4 EX-10.4
Exhibit 10.4
Non-Employee Director Compensation
| Cash Compensation* **: | Dollar Value: | ||||||
Board Membership Annual Award | $ | 35,000 | |||||
Board Meeting Attendance Fee | $ | 1,500 | |||||
Audit Committee Chair Annual Award | $ | 10,000 | |||||
Audit Committee Meeting Attendance Fee | $ | 1,000 | |||||
Compensation Committee Chair Annual Award | $ | 5,000 | |||||
Compensation Committee Meeting Attendance Fee | $ | 1,000 | |||||
Finance Committee Chair Annual Award | $ | 5,000 | |||||
Finance Committee Meeting Attendance Fee | $ | 1,000 | |||||
Nominating and Corporate Governance Committee Chair Annual Award | $ | 5,000 | |||||
Nominating and Corporate Governance Committee Meeting Attendance Fee | $ | 1,000 | |||||
| Equity Compensation**: | Dollar Value: | ||||
Initial Election Grant Value | $60,000 (in restricted stock units) | ||||
Annual Grant Value | $70,000 (in restricted stock units) | ||||
* Cash payments shall be made quarterly in arrears with respect to service actually rendered.
** Directors who are also employees of CONSOL Energy Inc. will not receive any cash or equity compensation for their services as directors on the Board of Directors of CNX Gas Corporation.
