Summary of Board Committee Compensation for Directors

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for members of the company's board committees. Committee members receive an annual retainer of $5,000, with additional annual retainers for committee chairs: $20,000 for the Audit and Compensation Committees, and $10,000 for the Nominating and Corporate Governance Committee. Members also receive attendance fees for each committee meeting: $3,500 for Audit, $2,500 for Compensation, and $2,500 for Nominating and Corporate Governance. The agreement specifies the payment amounts and conditions for board committee service.

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EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

Exhibit 10.1

Summary of Board Committee Compensation

         
General Committee Member Annual Retainer
   $ 5,000  
Committee Chair Annual Retainer (paid in addition to General Committee Member Annual Retainer)
        
Audit Committee
   $ 20,000  
Compensation Committee
   $ 20,000  
Nominating and Corporate Governance Committee
   $ 10,000  
Attendance Fees for Committee Meetings (in-person or telephonic; per meeting)
        
Audit Committee
   $ 3,500  
Compensation Committee
   $ 2,500  
Nominating and Corporate Governance Committee
   $ 2,500