Summary of Changes to Lead Independent Director Compensation for The Gap, Inc.
The Gap, Inc.'s Board of Directors approved a $10,000 annual retainer for the Lead Independent Director, effective at the start of the 2007 fiscal year. This payment is in addition to the standard compensation for directors. No other changes were made to director compensation.
Exhibit 10.8
Summary of Changes to Lead Independent Director Compensation
On February 14, 2007, the Board of Directors of The Gap, Inc. (the “Board”) approved the payment of a $10,000 annual retainer to the Board’s Lead Independent Director (in addition to the compensation otherwise paid to that director in connection with his or her service), effective as of the beginning of the company’s 2007 fiscal year. All other components of director compensation remain unchanged.
