Compensation Policy for Non-Employee Directors of Comfort Systems USA, Inc.

Contract Categories: Human Resources › Compensation Agreements
Summary

This policy outlines the compensation for non-employee directors of Comfort Systems USA, Inc. Directors receive 10,000 stock options at fair market value each year, an annual retainer of $30,000 (with additional amounts for committee and audit chairs), and fees for attending board and committee meetings. The policy specifies different payment amounts for in-person, committee, and telephonic meetings. All terms are governed by the company’s 2006 Stock Options/SAR Plan for Non-Employee Directors.

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EX-10.1 2 a06-24448_1ex10d1.htm EX-10.1

 

Exhibit 10.1
COMPENSATION POLICY FOR THE
BOARD OF DIRECTORS OF COMFORT SYSTEMS USA, INC.

Board Remuneration—Non-Employee Directors

I.                                         EQUITY:  10,000 options at fair market value at each annual meeting, all as set forth in the Company’s 2006 Stock Options/SAR Plan for Non-Employee Directors.

II.                                     ANNUAL RETAINER (PAID QUARTERLY):

$30,000 ($4,000 additional if committee chair; $10,000 additional if audit chair)

III.                                 MEETING ATTENDANCE FEES:

Board Meeting (in person)

 

$3,000

 

 

 

Committee Meetings (unless on same day)

 

$2,000

 

 

 

Telephonic Meeting, or Telephonic Attendance

 

$1,000

(meeting chair receives full fee)