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. Non-employee directors receive an annual retainer, meeting fees for attending board and committee meetings (in person or by phone), annual grants of fully-paid common stock, and additional compensation for serving as committee chairpersons or as the lead independent director. The summary specifies the exact amounts paid for each type of service and role.
EXHIBIT 10.4
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 | $ | 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 | $ | 60,000 | |
| Compensation for Attendance at Committee Meetings (in person or by telephone) | |||
| Attendance (in person) at Committee meeting (per meeting fee) | $ | 1,500 | |
| Attendance (by phone) at Committee meeting (per meeting fee) | $ | 750 | |
| Additional Compensation for Committee Chairpersons | |||
| Audit Committee | $ | 12,500 | |
| Compensation Committee | $ | 7,500 | |
| All Other Committees | $ | 5,000 | |
| Additional Compensation for the Lead Independent Director | $ | 25,000 | |
