Director Compensation Policy for Board Members of the Company
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Summary
This agreement outlines the compensation for the Company's Board of Directors. Outside directors receive an annual retainer of $60,000, with additional retainers for committee chairpersons and the lead director. Outside directors also earn $1,500 per committee meeting attended and receive an annual stock grant valued at $120,000. Directors who are employees of the Company do not receive separate compensation for board service.
EX-10.10 2 ewbc101010k12312017.htm EXHIBIT 10.10 Exhibit
Exhibit 10.10
DIRECTOR COMPENSATION
The following compensation arrangements have been established for the Board of Directors of the Company: All outside directors receive an annual retainer of $60,000. The chairpersons of the Strategic Advisory Committee, the Audit Committee, the Compensation Committee, the Risk Oversight Committee and the Nominating/Corporate Governance Committee, for these services, receive annual retainers of $70,000, $20,000, $20,000, $20,000 and $12,500, respectively. The individual filling the lead director role receives an annual retainer of $70,000. In addition, outside directors also receive a meeting fee of $1,500 for each Committee meeting attended and an annual grant of $120,000 of stock. No separate compensation is paid to directors who are employees of the Company.
