Nonemployee Directors Compensation Schedule effective January 1, 2019
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.14 3 heiexhibit1014201810-k.htm EXHIBIT 10.14 Exhibit
HEI Exhibit 10.14
Nonemployee Directors Compensation Schedule | ||
Effective January 1, 2019 | ||
HEI Board - Annual Cash Retainers (paid quarterly) | ||
Effective 1/1/2019 | ||
HEI Chairman of the Board | $250,000 | |
HEI Director | $75,000 | |
HEI Audit Committee Chair | $20,000 | |
HEI Audit Committee Member | $10,000 | |
HEI Compensation Committee Chair | $20,000 | |
HEI Compensation Committee Member | $10,000 | |
HEI NCG Committee Chair | $20,000 | |
HEI NCG Committee Member | $10,000 | |
ASB Board - Annual Cash Retainers (paid quarterly) *** | ||
ASB Directors who are not also HEI Directors | $45,000 | |
ASB Audit Committee Chair | $15,000 | |
ASB Audit Committee Member | $7,500 | |
ASB Risk Committee Chair | $20,000 | |
ASB Risk Committee Member | $10,000 | |
HECO Board - Annual Cash Retainers (paid quarterly) *** | ||
HECO Directors who are not also HEI Directors | $45,000 | |
HECO Audit Committee Chair | $15,000 | |
HECO Audit Committee Member | $7,500 | |
Extra Meeting Fees (per additional meeting) | ||
HEI Board Member | $1,500 | (A) |
HEI Audit Committee Member | $1,500 | (B) |
HEI Compensation Committee Member | $1,500 | (C) |
HEI NCG Committee Member | $1,500 | (C) |
HECO/ASB Board Member | $1,000 | (A) |
ASB Audit Committee Member | $1,000 | (B) |
HECO Audit Committee Member | $1,000 | (C) |
ASB Risk Committee Member | $1,000 | (C) |
(A) Earned per extra meeting, after attending 8 meetings during the calendar year | ||
(B) Earned per extra meeting, after attending 10 meetings during the calendar year | ||
(C) Earned per extra meeting, after attending 6 meetings during the calendar year | ||
HEI, ASB and HECO Boards - Equity Compensation *** | ||
HEI Director - annual grant (paid on last day of June) | shares valued at $100K | |
HECO and ASB only Directors - annual grant (last day of June) | shares valued at $55K | |
New Directors (one-time grant during first year of service -- prorated from start date to annual meeting) | portion of annual grant, prorated on start date | |
*** For ASB and HECO directors who are also HEI directors, ASB and HECO pay | ||
a pro rata portion of each such director's total compensation (cash and equity value). | ||
