Exhibit 10.14(a) ExpressJet Holdings, Inc. Non-Employee Director Compensation
| Exhibit 10.14(a) |
ExpressJet Holdings, Inc.
Non-Employee Director Compensation
The following compensation schedule applied to directors who were not employees of the Company in 2009:1
Annual Retainers
The highest applicable annual retainer amount of the amounts set forth below:
| Director |
| $36,000 per year |
| Committee Chair (other than Audit) |
| $45,000 per year |
| Audit Committee Chair |
| $49,500 per year |
| Chairman of the Board |
| $54,000 per year |
Meeting Fees
| Each board meeting physically attended (Chair) |
| $2,700 |
| Each board meeting physically attended (non-Chair) |
| $1,800 |
| Each committee meeting physically attended |
| $1,800 |
| Each board or committee meeting, telephonic participation |
| $ 900 |
| Reimbursement of appropriate out-of-pocket expenses |
|
|
Stock Grants*
|
| • | $31,500 fair market value of restricted shares upon initial election to Board |
|
| • | $31,500 Black-Scholes value of stock options upon initial election to Board |
|
| • | $31,500 fair market value of restricted shares following each annual stockholders meeting |
|
| • | $31,500 Black-Scholes value of stock options following each annual stockholders meeting |
The directors voluntarily elected in 2009 to forego annual grants, instead opting for an Annual Incentive Fee in the amount of $63,000 and participation in the ExpressJet Airlines 2009 Treasury Stock Purchase Plan.
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).
1 The compensation reflected in this summary reflects amounts that were payable following voluntary reductions taken in 2008.
