Dominion Resources, Inc. Non-Employee Directors’ Annual Compensation Schedule (2004)
This document outlines the annual compensation for non-employee directors of Dominion Resources, Inc. as of December 31, 2004. Directors receive a $55,000 annual retainer, split between cash and stock, with additional payments for serving as committee chairs and for attending meetings. Starting in 2005, and subject to shareholder approval, each director will also receive a $35,000 annual deferred stock grant as a long-term incentive.
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.
