Frontier Oil Corporation Board of Directors Compensation Schedule (Effective April 14, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for members of the Board of Directors of Frontier Oil Corporation, effective April 14, 2005. Directors receive an annual retainer, meeting fees, additional retainers for committee chairs, and an annual equity grant valued at $100,000. The value of the equity grant is determined by a compensation consultant, and other terms are set at the time of the grant. The agreement specifies the amounts paid for board and committee participation but does not include other employment terms or benefits.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1

EXHIBIT 10.1




Frontier Oil Corporation
Board of Directors’ Compensation
Effective April 14, 2005



Annual Board Retainer
$30,000
Board Meeting Fee
$ 1,500 per meeting attended
Committee Chair Annual Retainer
Audit/Compensation
$15,000
Committee Chair Annual Retainer
Other Committees
$ 5,000
Committee Meeting Fee
$ 1,500 per meeting attended
Annual Equity Grant (1)
$100,000

 
(1)  
The value of the Annual Equity Grant is expected to be determined by a compensation consultant to the Compensation Committee of the Board of Directors using a present value analysis. In addition, other terms of the awards will be determined at the time of grant.