Helmerich & Payne, Inc. Schedule of Compensation for Non-Employee Directors (Effective July 1, 2004)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation plan for non-employee directors of Helmerich & Payne, Inc., effective July 1, 2004. Non-employee directors receive a quarterly cash retainer, additional retainers for serving as committee chairs or members, and an annual stock option grant valued at $30,000. The compensation varies depending on the committee roles held by each director.

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EX-10.1 2 d20702exv10w1.htm SCHEDULE OF COMPENSATION FOR NON-EMPLOYEE DIRECTORS exv10w1  

Exhibit 10.1

HELMERICH & PAYNE, INC.

Schedule of Compensation for Non-Employee Directors
(Effective July 1, 2004)

Cash Compensation

         
Quarterly Retainer
   $ 7,500.00  
Committee Chair Quarterly Retainer
        
Audit Committee
   $ 2,500.00  
Human Resources Committee
   $ 1,250.00  
Nominating and Corporate Governance Committee
   $ 1,250.00  
Committee Member Quarterly Retainer
        
Audit Committee
   $ 1,250.00  

Stock Options

     Each Director receives an annual option to purchase shares of common stock of the Company which have a value of $30,000 on the date of grant.