UnitedStationers Inc. Summary of Board of Directors Compensation
Exhibit 10.1
United Stationers Inc. Summary of Board of Directors Compensation
Following is a summary of the forms and levels of compensation to be provided to Directors effective Sept 1, 2005.
| Director Compensation Component |
| Amount |
|
|
|
|
| Annual Retainer |
| $60,000 annual rate |
|
|
|
|
| Board Meeting Fees |
|
|
| Ÿ In person |
| $4,000 per meeting |
| Ÿ Telephonic |
| $1,000 per meeting |
|
|
|
|
| Committee Meeting Fees |
|
|
| Ÿ Held in connection with a Board meeting |
|
|
| • All Telephonic meetings |
|
|
|
|
|
|
| - Audit Committee Chairman |
| $2,500 per meeting |
| - Other Committee Chairmen |
| $1,000 per meeting |
| - Other non-employee directors |
| $500 per meeting |
|
|
|
|
| Ÿ In-person meeting not held in connection with a Board meeting |
|
|
|
|
|
|
| - Audit Committee Chairman |
| $2,500 per meeting |
| - Other Committee Chairmen |
| $1,500 per meeting |
| - Other non-employee directors |
| $1,000 per meeting |
|
|
|
|
| Equity Compensation |
|
|
| Ÿ Chairman of the Board |
| Approximately $85,000 |
| Ÿ Other non-employee directors |
| Approximately $75,000 |
|
|
|
|
| Reimbursement |
| Reasonable travel-related expenses |
