Type of Fee
Exhibit 10.1
| Type of Fee |
| Amount |
| Annual Board Retainer (Cash) |
| $50,000 |
| Annual Board Retainer (Stock) |
| $100,000 value (equity vehicle may vary) |
| Board Meeting Fees |
| $2,000, including telephonic meetings |
| Annual Lead Director Retainer |
| $20,000 |
| Annual Audit Committee Chair Retainer |
| $20,000 |
| Annual Chair Retainer (Other Committees) |
| $8,500 |
| Audit Committee Meeting Fees |
| $3,000 for in-person attendance at meetings held in conjunction with Board meetings. $2,000 for telephonic meetings not in conjunction with Board meetings or for telephonic participation in meetings held in conjunction with Board meetings. |
| Nuclear Oversight Committee Meeting Fees |
| $4,000 for in-person attendance at meetings held in conjunction with Board meetings. $2,000 for telephonic meetings not in conjunction with Board meetings or for telephonic participation in meetings held in conjunction with Board meetings. |
| Other Committee Meeting Fees |
| $2,000 for in-person attendance at meetings held in conjunction with Board meetings, telephonic meetings not in conjunction with Board meetings and telephonic participation in meetings held in conjunction with Board meetings. |
| Special, In-Person Meetings Not Held in Conjunction With Board Meetings |
| $2,500 |
Except for the portion of the annual Board retainer that is provided in stock, which amount is granted once each year, fees and retainers are paid on a quarterly basis. Directors may elect to defer fees and retainers under the Duke Energy Corporation Directors’ Savings Plan II. Under the Duke Energy Foundation Matching Gifts Program, Directors are eligible for matching contributions of up to $5,000 per Director per calendar year to qualifying institutions. The Company also maintains a Charitable Giving Program for Directors who served on the Duke Power Company LLC Board of Directors on or prior to February 18, 1998, pursuant to which the Company will make, upon such Director’s death (or during his or her lifetime, under certain circumstances), donations of up to $1,000,000 to charitable organizations selected by the Director. The Company provides travel insurance to Directors, and reimburses Directors for expenses reasonably incurred in connection with attendance and participation at Board and Committee meetings and special functions.
