Corus Bankshares Director Compensation Summary (Approved August 23, 2005)
This document outlines the compensation structure for directors of Corus Bankshares, as approved on August 23, 2005. It details the annual retainer and meeting fees for the Board of Directors and its committees, including the Audit, Compensation, and Nominating Committees. Directors receive set fees for attending routine and special meetings, with different rates for in-person and telephonic participation. The compensation varies by committee and role, ensuring directors are compensated for their time and responsibilities.
EXHIBIT 10.1
SUMMARY DESCRIPTION OF CORUS BANKSHARES COMPENSATION FOR DIRECTORS
Corus Bankshares Director Compensation
Last Approved: August 23, 2005
Fees
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|
| Board of |
| Audit |
| Compensation |
| Nominating |
| ||||
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|
| | |
| | |
| | |
| | |
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| Chairman Retainer Fee |
| $ | 0 |
| $ | 18,000 |
| $ | 6,000 |
| $ | 0 |
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| (per annum) |
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| Routine Meetings |
| $ | 8,000 |
| $ | 6,000 |
| $ | 3,000 |
| $ | 3,000 |
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| (per meeting) |
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| Special Session Meetings |
| $ | 2,000 |
| $ | 2,000 |
| $ | 1,500 |
| $ | 1,500 |
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| In-Person |
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| (per hour) |
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| Special Session Meetings |
| $ | 1,200 |
| $ | 1,200 |
| $ | 1,000 |
| $ | 1,000 |
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| Telephonic |
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| (per hour) |
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