Independent Director Compensation
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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 |
