Summary of Non-Employee Director Compensation, as of May 18, 2021
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.1 2 cmp-q22021xex101directorco.htm EX-10.1 Document
 | Exhibit 10.1 | ||||
Summary of Non-Employee Director Compensation
As of May 18, 2021
The following compensation will be provided to non-employee members of the Board of Directors (the “Board”) of Compass Minerals International, Inc. (the “Company”) pursuant to the Company’s Non-Employee Director Compensation Policy.
A.Cash Compensation
1. Annual Retainer. Each non-employee director will receive a $75,000 annual cash retainer for service on the Board.
2. Committee Service Fee. In addition, each non-employee director serving as a chair or member of any of the following Board committees will receive an annual cash fee for committee service, as follows:
| Committee | Chair | Members | ||||||
| Audit Committee | $22,500 | $10,000 | ||||||
| Compensation Committee | $15,000 | $7,500 | ||||||
| Nominating/Corporate Governance Committee | $12,500 | $5,000 | ||||||
| Environmental, Health & Safety Committee | $12,500 | $5,000 | ||||||
3. Non-Executive Chairman of the Board. In addition, the Non-Executive Chairman of the Board will receive an annual cash fee of $65,000 for service as Non-Executive Chairman of the Board.
4. Chairman Emeritus. In addition, the Chairman Emeritus will receive an annual cash fee of $33,000 for service as Chairman Emeritus.
B.Equity Compensation.
1.Annual Equity Award. Each non-employee director will receive an equity award with an annual equity award value of $115,000 for service on the Board.
2.Non-Executive Chairman of the Board. In addition, the Non-Executive Chairman of the Board will receive an equity award with an annual equity award value of $55,000 for service as Non-Executive Chairman of the Board.
3.Chairman Emeritus. In addition, the Chairman Emeritus will receive an equity award with an equity award value of $27,000 for service as Chairman Emeritus, which will vest at the Company’s next annual meeting of stockholders.
