Non-Employee Director Compensation Adopted by the Board of Directors:May 23, 2013
EX-10.1 2 d578691dex101.htm EX-10.1 EX-10.1
Exhibit 10.1
Non-Employee Director Compensation
Adopted by the Board of Directors: May 23, 2013
| Element of Compensation | Amount | |||
| Base (annual amount in cash, paid in quarterly installments) | $ | 50,000 | ||
| Chairperson adders (annual amounts in cash, paid in quarterly installments) | ||||
| Chairman of the Board | $ | 60,000 | ||
| Compensation Committee Chair | $ | 12,500 | ||
| Audit Committee Chair | $ | 10,000 | ||
| Nomination and Governance Committee Chair | $ | 6,000 | ||
| Annual Equity Grant 1 | $ | 75,000 | ||
| 1. | The equity component is paid annually on the date of the Corporation’s Annual Meeting of Shareholders in fully-vested shares of the Corporation’s common stock valued based on the closing price on such date, rounded up or down to eliminate the issuance of fractional shares. |
