HANOVER COMPRESSOR COMPANY Schedule of Compensation for Non-Employee Directors (Effective July 21, 2006) Annual Retainer $30,000 Committee Chairman Annual Retainer Audit Committee $15,000 Compensation Committee $15,000 Finance Committee $10,000 Governance Committee $10,000 Board Chairman Annual Retainer $120,000 Attendance Fee $1,500 paid for all in-person and telephonic board andcommittee meetings. Restricted Stock Time-vested restricted stock valued at approximately $105,000 on the dateof grant and subject to the terms of 2006 Stock IncentivePlan. The shares vest one-third per year over a three-yearperiod, subject however, to immediate vesting in the eventof a change in control. Directors are required to hold the shares until they ceaseto serve as a director (except to the extent necessary tomeet the associated tax obligation). Reimbursement of Travel Expenses 100% of travel and other expenses while on company business.