Huron Consulting Group Inc. Directors' Compensation Summary for 2006 and 2007
This document outlines the compensation structure for directors of Huron Consulting Group Inc. for 2006 and 2007. Directors receive annual cash retainers, additional fees for chairing committees and attending meetings, and grants of restricted common stock. The equity grants vest over three years. Compensation is prorated based on time served. The summary specifies the amounts and vesting schedules for each component of director compensation.
Exhibit 10.21
HURON CONSULTING GROUP INC.
DIRECTORS’ COMPENSATION FOR 2006 AND 2007
SUMMARY SHEET
| ANNUAL BOARD RETAINER1 | $ | 40,000 | |
| (Paid in 4 equal installments) | |||
| ANNUAL COMMITTEE CHAIRMANSHIP RETAINER1 | |||
| (Paid in 4 equal installments) | |||
| Audit Committee | $ | 10,000 | |
| Compensation Committee | $ | 7,500 | |
| Nominating and Corporate Governance Committee | $ | 7,500 | |
| BOARD MEETING FEE | $ | 1,000 | |
| COMMITTEE MEETING FEE | $ | 1,000 | |
| EQUITY RETAINER | ||
| Grant of Restricted Common Stock Upon Appointment | 15,000 Shares | |
| Annual Grant of Restricted Common Stock – 20062 | 5,700 Shares | |
| Annual Grant of Restricted Common Stock – 20073 | $150,000 | |
| 1 | Annual retainers are prorated to reflect the portion of the year that the director serves on the board. |
| 2 | On the date of the 2006 annual meeting of stockholders, each independent director was granted 5,700 shares of restricted common stock, which are scheduled to vest over the following twelve quarters. |
| 3 | Beginning with the 2007 annual meeting of stockholders, each independent director will be granted shares of restricted common stock with an aggregate fair value of $150,000. Such shares will vest over the following twelve quarters. |
