Director Compensation Arrangement for East West Bancorp, Inc. Board
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Summary
This document outlines the compensation plan for outside directors of East West Bancorp, Inc. Outside directors receive an annual retainer of $40,000, 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 $70,000. Directors who are employees of the company do not receive separate compensation for board service.
EX-10.12 2 ewbc101210k12312014.htm EXHIBIT 10.12 EWBC 10.12 10K 12.31.2014
Exhibit 10.12
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 $40,000. The chairpersons of Strategic Markets, 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 $70,000 of stock. No separate compensation is paid to directors who are employees of the Company.
