Evergy, Inc. Summary of Non-Employee Director Compensation Effective May 5, 2020

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Summary

This document outlines the compensation structure for non-employee directors of Evergy, Inc. as of May 5, 2020. Directors receive annual cash retainers and equity compensation, with additional payments for serving as chair or lead director of various committees. There are no separate committee member retainers or meeting fees, except for a one-time retainer for the Strategic Review & Operations Committee. Directors are also reimbursed for expenses and covered by company-provided liability insurance.

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EX-10.1 2 ex101non-employeedirec.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1





Evergy, Inc.

Summary of
Non-Employee Director Compensation

Effective May 5, 2020

 
 
 
New
Amount
Cash - Retainer (Paid Quarterly)
 
 
 
Annual Retainer
 
 
$100,000
Non-Executive Chair Retainer
 
 
$55,000
Lead Director Retainer
 
 
$25,000
Audit Committee Chair Retainer
 
 
$20,000
Compensation and Leadership Development Committee Chair Retainer
 
 
$20,000
Nominating, Governance, and Corporate Responsibility Committee Chair Retainer
 
 
$15,000
Finance Committee Chair Retainer
 
 
$15,000
Nuclear and Power Supply Committee Chair Retainer
 
 
$15,000
Power Delivery and Safety Committee Chair Retainer
 
 
$15,000
 
 
 
 
Cash - Committee Member Retainers and Meeting Fees
 
 
None
 
 
 
 
Strategic Review & Operations Committee (One Time)
 
 
 
Chair Retainer
 
 
$10,000
Member Retainer
 
 
$10,000
 
 
 
 
Company Common Stock (Paid Annually)
 
 
 
Annual Equity Compensation
 
 
$130,000
Non-Executive Chair
 
 
$55,000

All members of the Board of Directors are entitled to be reimbursed for expenses, as set forth in Evergy, Inc.’s corporate governance guidelines. Evergy, Inc. also provides liability insurance to its directors under its directors and officers insurance policies.