GOODRICH PETROLEUM CORPORATION NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY
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EX-10.49 2 dex1049.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY Non-Employee Director Compensation Summary
Exhibit 10.49
GOODRICH PETROLEUM CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY
Each non-employee director receives the following compensation:
| • | an annual cash retainer fee of $10,000; |
| • | a meeting fee of $1,000 for each Board meeting attended and $500 for each committee meeting attended; |
| • | an annual grant of common stock equal to $30,000 (based on the average closing price of our common stock for 20 trading days preceding the annual meeting of stockholders); |
| • | an additional cash retainer of $15,000 for the chairman of the Audit Committee; and |
| • | an additional cash retainer of $5,000 for the chairman of the Compensation Committee. |
