CONSOL Energy Inc. Summary of Non-Employee Director Compensation as of December 31, 2013

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for non-employee directors of CONSOL Energy Inc. Directors receive a base retainer of $120,000, with additional payments for serving as Lead Independent Director, committee chairs, or Audit Committee members. Directors are also eligible for an annual equity award of $150,000 in restricted stock units, effective after the May 2014 Annual Meeting. Directors must hold company stock equal to three times the annual board retainer within five years of board service.

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EX-10.69 2 exhibit1069-12x31x13.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 10.69 -12-31-13

Exhibit 10.69
Non-Employee Director Compensation
 
 
 
 
 
 
 
 
Element of Compensation (Annual)
 
Dollar Value
 
 
 
 
 
 
Board Retainer:
 
$
120,000
 
 
 
Lead Independent Director Retainer:
 
$
30,000
 
 
 
Committee Chair Retainer
(other than Audit or Compensation Committees):
 
$
10,000
 
 
 
Audit Committee Chair Retainer:
 
$
30,000
*
 
 
Compensation Committee Chair Retainer:
 
$
20,000
 
 
 
Audit Committee Member Retainer
(other than Audit Committee Chair):
 
$
7,500
 
 
 
Equity Award:
 
$
150,000
 **
 
(in restricted stock units)

* Includes Audit Committee member retainer amount (not additional)
** Not effective until the May 2014 Annual Meeting of Shareholders

Stock Ownership Guidelines: Each director must hold three (3) times the “Annual Board Retainer” in CONSOL Energy Inc.’s common stock (including any securities convertible or exercisable into its common stock (excluding stock options)) after five (5) years of service on the Board.