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

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation structure for independent directors of Copano Energy, L.L.C. Independent directors receive annual cash retainers for serving on the Board and its committees, with specific amounts for chair and member roles. They also receive meeting fees and equity compensation in the form of restricted units, which vest over three years. The agreement specifies the amounts and vesting schedule for these payments and grants.

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EX-10.2 3 h41463exv10w2.htm INDEPENDENT DIRECTOR COMPENSATION exv10w2  

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 3,000 Restricted Units
 
•   Grant of 1,500 Restricted Units in November of each year
 
•   Units vest in equal one-third increments over three years