COOPER TIRE & RUBBER COMPANY Written Description of Changes to Independent Director Compensation and Stock Ownership Guidelines (as approved by the Board of Directors on May 9, 2014)
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EX-10.(XVIII) 2 d846103dex10xviii.htm EX-10.(XVIII) EX-10.(xviii)
Exhibit (10) (xviii)
COOPER TIRE & RUBBER COMPANY
Written Description of Changes to Independent Director Compensation and Stock Ownership Guidelines
(as approved by the Board of Directors on May 9, 2014)
Cash Compensation (July 1, 2014):
Annual Retainer: $100,000
Annual Fees for Committee Chairs and Lead Director:
Audit Committee Chair: $20,000
Compensation Committee Chair: $15,000
Nominating and Governance Committee Chair: $12,000
Lead Director: $20,000
Equity Compensation (effective at 2014 Annual Meeting):
Annual Phantom Stock Grant: $125,000
Stock Ownership Guidelines (May 9, 2014):
Amount: $500,000
Time for new Director to reach: 5 years
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