NONEMPLOYEE DIRECTORS COMPENSATION SCHEDULE As of April 1, 2005
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.3 4 dex103.htm NONEMPLOYEE DIRECTOR'S COMPENSATION SCHEDULE Nonemployee Director's Compensation Schedule
HEI Exhibit 10.3
NONEMPLOYEE DIRECTOR’S COMPENSATION SCHEDULE
As of April 1, 2005
HEI
| paid quarterly | ||
| Annual Cash Retainer | 32,500 | |
| Chair, HEI Audit Committee | 15,000 | |
| Member, HEI Audit Committee | 5,000 | |
| Chair, HEI Compensation Committee | 5,000 | |
| Chair, HEI Nominating & Corporate Governance Committee | 5,000 | |
| Lead Director | 10,000 | |
| HEI Common Stock annual grant | 1,400 shares | |
| HEI Common Stock one-time grant for new directors | 2,000 shares | |
ASB & HECO
| paid quarterly | ||
| Annual Cash Retainer (for HEI & non-HEI directors, for each board served) | 20,000 | |
| Chair, Audit Committee | 10,000 | |
| Member, Audit Committee | 4,000 | |
| HEI Common Stock annual grant | 1,000 shares | |
| HEI Common Stock one-time grant for new directors | 600 shares | |
HELCO & MECO Advisory Boards
| $1,000 for each meeting, no retainer |
