Dominion Homes, Inc. 2006 Director Compensation Plan
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.26 3 dex1026.htm DOMINION HOMES, INC. 2006 DIRECTOR COMPENSATION PLAN Dominion Homes, Inc. 2006 Director Compensation Plan
EXHIBIT 10.26
Dominion Homes, Inc. 2006 Director Compensation Plan
| 1. | $40,000 annual fee for each outside director ($10,000 per quarter) |
| 2. | Additional $5,000 annual fee for each Audit Committee member (other than Audit Committee Chair) and each committee Chair (other than Audit Committee Chair) ($1,250 per quarter) |
| 3. | Additional $10,000 annual fee for Audit Committee Chair ($2,500 per quarter) |
| 4. | Additional $20,000 annual fee for the Lead Director ($5,000 per quarter) |
Director and Committee Fees shall be paid quarterly in advance.
| 5. | Each outside director also receives, on the first day after the annual meeting, a grant of non-qualified stock options to purchase 2,500 common shares at an exercise price equal to the fair market value of the common shares on the date of grant. |
