Director Compensation Policy for Board of Directors of the Company
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This agreement outlines the compensation for the Company's Board of Directors. Outside directors receive an annual retainer of $45,000, with additional retainers for committee chairpersons and the lead director. They also earn $1,500 for each committee meeting attended and receive an annual stock grant valued at $100,000. Directors who are employees of the Company do not receive separate compensation for board service. The policy specifies the amounts for each role and clarifies eligibility for compensation.
EX-10.9 5 ewbc10910k12312015.htm EXHIBIT 10.9 Exhibit
Exhibit 10.9
DIRECTOR COMPENSATION
The following compensation arrangements have been established for the Board of Directors of the Company: All outside directors will receive an annual retainer of $45,000. The chairpersons of Strategic Advisory Committee, the Audit Committee, the Compensation Committee, the Risk Oversight Committee, and the Nominating/Governance Committee will, for these services, receive retainers of $70,000, $20,000, $20,000, $15,000, and $12,500, respectively. Additionally, the individual filling the lead director role will receive a retainer of $50,000. Outside directors also, receive a meeting fee of $1,500 for each Committee meeting attended. All outside directors receive an annual grant of $100,000 of stock. No separate compensation is paid to directors who are employees of the Company.
