Dominion Resources, Inc. Non-Employee Directors’ Annual Compensation Schedule (2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for non-employee directors of Dominion Resources, Inc. as of December 31, 2005. Directors receive a $55,000 annual retainer, split between cash and stock, with additional payments for serving as committee chairs and for attending board and committee meetings. The compensation structure specifies different amounts for chairing the Audit Committee, other committees, and for participation in various meetings.

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EX-10.38 5 dex1038.htm EXHIBIT 10.38 Exhibit 10.38

Exhibit 10.38

Dominion Resources, Inc.

Non-Employee Directors’ Annual Compensation

As of December 31, 2005

 

Annual Retainer

   

Amount

Service as Director

    $55,000 ($20,000 cash; $35,000 stock)

Service as Audit Committee Chair

    $12,500

Service as a Committee Chair (other than Audit)

    $ 5,000

Meeting Fees

     

Board meetings

    $2,000 per meeting

Audit and Organization, Compensation and Nominating (OCN) Committee meetings

    $2,000 per meeting

All other Committee meetings

    $1,500 per meeting