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
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. |
