Esterline Technologies Corporation Non-Employee Director Compensation Summary (2008)
This document outlines the compensation structure for non-employee directors serving on the Board of Directors of Esterline Technologies Corporation, effective for fiscal year 2008. Non-employee directors receive an annual retainer, meeting attendance fees (with different rates for in-person and phone participation), an annual grant of fully-paid common stock, and additional compensation for committee chairpersons and the lead independent director. The agreement specifies the amounts paid for each type of service and role, ensuring transparency in director compensation.
Exhibit 10.4
Summary of Non-Employee Director Compensation
For Service on the Board of Directors of Esterline Technologies Corporation
Effective Fiscal Year 2008
| 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 | $ | 11,250 | |
| All Other Committees | $ | 5,000 | |
| Additional Compensation for the Lead Independent Director | $ | 21,250 | |
