Summary of Non-Employee Director Compensation for Esterline Technologies Corporation Board Service
This document outlines the compensation structure for non-employee directors serving on the Board of Directors of Esterline Technologies Corporation. It details annual retainers, meeting fees for in-person and remote attendance, annual stock grants, and additional compensation for committee chairpersons and the lead independent director. The agreement specifies the amounts paid for each role and type of service, ensuring transparency in director compensation.
EXHIBIT 10.3
Summary of Non-Employee Director Compensation
For Service on the Board of Directors of Esterline Technologies Corporation
| Compensation Paid to Non-Employee Directors | |||
| Annual retainer for non-executive Chairman of the Board | $ | 150,000 | |
| Annual retainer for non-employee directors (other than the non-executive | |||
| Chairman of the Board) | $ | 30,000 | |
| Attendance (in person) at Board meeting (per meeting fee) | $ | 1,500 | |
| Attendance (by phone) at Board meeting (per meeting fee) | $ | 750 | |
| Annual issuance of fully-paid Common Stock | $ | 72,000 | |
| Compensation for Attendance at Committee Meetings | |||
| Attendance (in person) at Committee meeting (per meeting fee) | $ | 1,500 | |
| Attendance (by phone or internet) at Committee meeting (per meeting fee) | $ | 750 | |
| Additional Compensation for Committee Chairpersons | |||
| Audit Committee | $ | 12,500 | |
| Compensation Committee | $ | 7,500 | |
| Technology Committee | $ | 5,000 | |
| Nominating & Corporate Governance Committee | $ | 5,000 | |
| Executive Committee (per meeting fee attended in person) | $ | 3,000 | |
| Executive Committee (per meeting fee attended by phone or internet) | $ | 1,500 | |
| Additional Compensation for the Lead Independent Director | $ | 25,000 | |
