Summary of Non-Employee Director Compensation, as of January 1, 2019
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.21 2 cmp20181231-10kx1021.htm EXHIBIT 10.21 Exhibit
 | Exhibit 10.21 |
Summary of Non-Employee Director Compensation
As of January 1, 2019
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. | Most Tenured Independent Director. In addition, the Most Tenured Independent Director will receive an annual cash fee of $25,000 for service as Most Tenured Independent Director until the Non-Executive Chairman of the Board assumes this role. |
4. 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.
B. | Equity Compensation. |
1. | Annual Equity Award. Each non-employee director will receive an equity award with an annual equity award value of $105,000 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. |
