Copano Energy, L.L.C. Independent Director Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation policy for independent directors of Copano Energy, L.L.C. Independent directors receive an annual cash retainer of $30,000, with additional fees for serving as chair or member of various board committees. Committee chairs and members receive specified annual retainers and meeting fees. Directors are also granted restricted equity units, with an initial grant of 6,000 units and annual grants of 3,000 units, which vest over three years. The policy details the structure and timing of both cash and equity compensation for independent board members.

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EX-10.1 2 h51716exv10w1.htm INDEPENDENT DIRECTOR COMPENSATION exv10w1  

Exhibit 10.1
COPANO ENERGY, L.L.C.
INDEPENDENT DIRECTOR COMPENSATION
                         
    ANNUAL   ANNUAL    
    RETAINER   RETAINER   MEETING
CASH COMPENSATION   (CHAIRMAN)   (MEMBER)   FEES
 
                        
BOARD OF DIRECTORS
   NONE   $ 30,000     NONE
 
                        
AUDIT COMMITTEE
   $ 8,000     $ 4,000     $ 1,500  
 
                        
COMPENSATION COMMITTEE
   $ 4,000     NONE   $ 1,000  
 
                        
CONFLICTS COMMITTEE
   $ 4,000     NONE   $ 1,000  
 
                        
NOMINATING AND GOVERNANCE COMMITTEE
   $ 4,000     NONE   $ 1,000  
EQUITY COMPENSATION:
•   Initial grant of 6,000 Restricted Units
 
•   Grant of 3,000 Restricted Units in November of each year
 
•   Units vest in equal one-third increments over three years