Summary of Non-Employee Directors' Compensation for Gehl Company
This document outlines the compensation plan for non-employee directors of Gehl Company. Directors receive annual retainers, meeting fees, and additional compensation for serving as committee chairs or members. All fees are paid quarterly. Each director is also granted 2,000 shares annually under the company's equity incentive plan. Reasonable expenses related to board and committee meetings are reimbursed, and directors are provided with $250,000 in travel and accident insurance coverage.
GEHL COMPANY
NON-EMPLOYEE DIRECTORS’ COMPENSATION
Annual Retainer Fees
| • | Board of Directors - An annual fee of $20,000. |
| • | Committee Chairman: |
| • | Audit Committee - An annual fee of $5,000 |
| • | Compensation Committee - An annual fee of $3,000 |
Directors' Meeting Fee
| Regular Meeting | $1,250 per meeting attended/participated |
| Telephonic Meeting | $1,250 per meeting attended/participated |
Board Committee Fees - Regular and Telephonic
| Chairman of Committee | |
| Audit Committee | $2,500 per meeting attended/participated |
| Compensation & Benefits Committee | $1,500 per meeting attended/participated |
| Nominating Committee | $1,000 per meeting attended/participated |
| Other members | |
| Audit Committee | $1,500 per meeting attended/participated |
| Compensation & Benefits Committee | $1,000 per meeting attended/participated |
| Nominating Committee | $ 750 per meeting attended/participated |
Fee Payment
All fees will be paid on a quarterly basis.
Stock OptionEach year, on the day following the Annual Shareholders Meeting, a grant of 2,000 shares shall be made subject to the Gehl Company 2004 Equity Incentive Plan.
ExpensesAll reasonable expenses for Board & Committee meetings will be reimbursed to include travel, meals, lodging, telephone, mailing, etc.
Travel and Accident InsuranceInsured for $250,000
