HALCN RESOURCES CORPORATION SECOND AMENDED AND RESTATED SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Adopted March 9, 2016
Exhibit 10.01
HALCÓN RESOURCES CORPORATION
SECOND AMENDED AND RESTATED
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
Adopted March 9, 2016
Each non-employee member serving on the Board of Directors (each, a “Director,” and collectively, the “Directors”) of Halcón Resources Corporation (the “Company”) shall be paid compensation in the form of cash, represented in an annual amount, as set forth in the summary below:
|
|
| Amount(1) |
| |
|
|
|
|
| |
| Annual Retainer: |
| $ | 198,000 |
|
| Additional Annual Retainer: |
|
|
| |
| Lead Director |
| $ | 50,000 |
|
| Additional Annual Retainers — Chair: |
|
|
| |
| Audit Committee Chair |
| $ | 25,000 |
|
| Compensation Committee Chair |
| $ | 15,500 |
|
| Nominating and Corporate Governance Committee Chair |
| $ | 12,500 |
|
| Reserves Committee Chair |
| $ | 12,500 |
|
| Additional Annual Retainers — Committee Member: |
|
|
| |
| Audit Committee Member |
| $ | 7,500 |
|
| Compensation Committee Member |
| $ | 5,000 |
|
| Nominating and Corporate Governance Committee Member |
| $ | 5,000 |
|
| Reserves Committee Member |
| $ | 5,000 |
|
(1) Payable in monthly installments and pro-rated for partial year terms.
