Exhibit 10.18 ExpressJet Holdings, Inc. Non-Employee Director Compensation
| Exhibit 10.18 |
ExpressJet Holdings, Inc.
Non-Employee Director Compensation
The Company provides the following compensation, as applicable, to directors who are not employees of the Company:
Annual Retainers
The highest applicable annual retainer amount of the amounts set forth below:
| Director |
| $40,000 per year |
| Committee Chair (other than Audit) | $50,000 per year | |
| Audit Committee Chair | $55,000 per year | |
| Chairman of the Board | $60,000 per year |
Meeting Fees
| Each board meeting physically attended (Chair) | $3,000 | |
| Each board meeting physically attended (non-Chair) |
| $2,000 |
| Each committee meeting physically attended | $2,000 | |
| Each board or committee meeting, telephonic participation | $1,000 | |
| Reimbursement of appropriate out-of-pocket expenses |
Stock Grants
|
| • | $35,000 fair market value of restricted shares upon initial election to Board |
| • | $35,000 Black-Scholes value of stock options upon initial election to Board | |
| • | $35,000 fair market value of restricted shares following each annual stockholders meeting | |
| • | $35,000 Black-Scholes value of stock options following each annual stockholders meeting |
Flight Benefits
Benefits described in the Form of Amended and Restated Letter Agreement relating to certain flight benefits between the Company and our non-employee directors for whom we are able to secure such benefits (previously filed).
