Summary of Non-Employee Director Compensation ForService on the Board of Directors of Esterline Technologies Corporation
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 | |
