Summary of Non-Employee Director Compensation for CoStar Group, Inc. (Effective September 19, 2013)
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Summary
This document outlines the compensation structure for non-employee directors of CoStar Group, Inc. Effective September 19, 2013, directors receive annual cash retainers and equity awards, with additional compensation for serving as committee chairs or members. Equity awards are granted as restricted stock and vest over four years. The company also reimburses directors for reasonable travel and related expenses incurred while performing their duties.
EX-10.1 2 csgp-9302013xex101.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION CSGP-9.30.2013-Ex 10.1
EXHIBIT 10.1
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION(1) | ||||
Annual Cash Retainers | ||||
Board Members (other than Chairman) | $ | 50,000 | ||
Chairman of the Board | $ | 120,000 | ||
Annual Equity Awards(2) | ||||
Board Members (including Chairman) | $ | 175,000 | ||
Audit Committee Chairman | $ | 30,000 | ||
Compensation Committee Chairman | $ | 15,000 | ||
Nominating & Corporate Governance Committee Chairman | $ | 15,000 | ||
Audit Committee Member | $ | 15,000 | ||
Compensation Committee Member | $ | 8,000 | ||
Nominating & Corporate Governance Committee Member | $ | 6,000 | ||
_______________ | ||||
(1) Effective September 19, 2013. The Company generally reimburses all directors for reasonable travel and out-of-pocket expenses incurred in connection with their duties as directors, including attendance at meetings. | ||||
(2) Annual equity awards are payable in the form of restricted stock, are valued at the grant date, and vest in equal, annual installments over a 4-year period from the date of grant. | ||||
