Schedule of Compensation for Non-Employee Trustees of U-Store-It Trust EffectiveMay 8, 2007
EXHIBIT 10.11
Schedule of Compensation
for Non-Employee Trustees of
U-Store-It Trust
Effective May 8, 2007
Annual Cash Compensation
| Board Retainer |
| $ | 25,000 |
|
| Committee Retainer |
| $ | 7,500 |
|
| Chairman of the Board Retainer |
| $ | 25,000 |
|
| Chairman of the Audit Committee Retainer |
| $ | 10,000 |
|
| Chairman of the Compensation Committee Retainer |
| $ | 7,500 |
|
| Chairman of the Corporate Governance and Nominating Committee Retainer |
| $ | 7,500 |
|
Annual Equity Awards
Grant of a number of restricted shares, vesting on the first anniversary of the grant date, equivalent to $60,000 in market value on the date of grant. Such grant to be made pursuant to the terms of the Form of Trustee Restricted Share Agreement filed as Exhibit 10.12 to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 10, 2007.
