Non-Employee DirectorsAnnual Compensation As of December 31, 2004
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Human Resources
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EX-10.35 3 dex1035.htm NON-EMPLOYEE DIRECTORS ANNUAL COMPENSATION NON-EMPLOYEE DIRECTORS ANNUAL COMPENSATION
Exhibit 10.35
Dominion Resources, Inc.
Non-Employee Directors’ Annual Compensation
As of December 31, 2004
| 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 Committee meetings | $2,000 per meeting | |
| All other Committee meetings | $1,500 per meeting | |
Beginning with the 2005 Annual Meeting, and upon shareholder approval, each director will receive a $35,000 annual deferred stock grant to provide a long-term incentive.
