Annual Retainer&&&&&&&&$50,000Lead independent director&&&Additional $15,000 annual retainerAudit committee chairman&&Additional $15,000 annual retainerCompensation committee chairman.Additional $7,500 annual retainerNominating and Corporate Governance committee chairman.Additional $7,500 annual retainerPer in-person committee meetingAdditional $2,000Per telephonic committee meetingAdditional $1,000Annual Equity Compensationequity worth $75,000 in the form of restricted stock units (100% vests upon the earlier of the one year anniversary of the date of grant or the last business day preceding our next annual meeting )
EX-10.64 4 exhibit1064summaryofcompen.htm EXHIBIT Exhibit 10.64 Summary of Compensary Arrangements
EXHIBIT 10.64
The table below sets forth the compensatory arrangements with the non-employee directors of the Company:
Annual Retainer…………………… | $50,000 |
Lead independent director……… | Additional $15,000 annual retainer |
Audit committee chairman…… | Additional $15,000 annual retainer |
Compensation committee chairman. | Additional $7,500 annual retainer |
Nominating and Corporate Governance committee chairman. | Additional $7,500 annual retainer |
Per in-person committee meeting | Additional $2,000 |
Per telephonic committee meeting | Additional $1,000 |
Annual Equity Compensation | equity worth $75,000 in the form of restricted stock units (100% vests upon the earlier of the one year anniversary of the date of grant or the last business day preceding our next annual meeting ) |
In addition, Heartland reimburses directors for travel expenses incurred in connection with attending board of directors, committee and stockholder meetings and for other Heartland business-related expenses.
