Halcón Resources Corporation Second Amended and Restated Summary of Non-Employee Director Compensation (March 2016)
This document outlines the compensation structure for non-employee directors of Halcón Resources Corporation. Each director receives an annual cash retainer of $198,000, with additional annual payments for serving as Lead Director, committee chairs, or committee members. Compensation is paid monthly and is pro-rated for directors serving less than a full year. The agreement specifies the exact amounts for each role and applies to all non-employee members of the company's Board of Directors.
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:
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| Amount(1) |
| |
|
|
|
|
| |
| Annual Retainer: |
| $ | 198,000 |
|
| Additional Annual Retainer: |
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|
| |
| Lead Director |
| $ | 50,000 |
|
| Additional Annual Retainers — Chair: |
|
|
| |
| Audit Committee Chair |
| $ | 25,000 |
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| Compensation Committee Chair |
| $ | 15,500 |
|
| Nominating and Corporate Governance Committee Chair |
| $ | 12,500 |
|
| Reserves Committee Chair |
| $ | 12,500 |
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| Additional Annual Retainers — Committee Member: |
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|
| |
| Audit Committee Member |
| $ | 7,500 |
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| Compensation Committee Member |
| $ | 5,000 |
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| 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.
