Sonesta International Hotels Corporation Director Compensation Summary
Sonesta International Hotels Corporation outlines its current compensation policy for directors. Outside directors are paid $25,000 annually, distributed in quarterly payments. Additionally, the Chairman of the Audit Committee receives an extra $5,000 per year. These terms can be changed at any time by the Board of Directors.
EXHIBIT 10.4
SONESTA INTERNATIONAL HOTELS CORPORATION
Summary of Director Compensation
The following is a summary of the currently effective compensation of the directors of Sonesta International Hotels Corporation (the “Company”) for services as directors, which is subject to modification at any time by the Board of Directors.
I. Outside Directors shall receive $25,000 per year, payable in quarterly installments.
II. In addition to other Director compensation, the Chairman of the Audit Committee shall receive $5,000 per year.
