Huron Consulting Group Inc. Directors' Compensation Summary for 2008 and 2009
This document outlines the compensation structure for independent directors of Huron Consulting Group Inc. for 2008 and 2009. Directors receive annual cash retainers, meeting fees, and additional retainers for committee chairmanships. They are also granted restricted common stock upon appointment and annually, with vesting over twelve quarters. Compensation amounts and grant values are specified for each year. The agreement details how and when payments and stock grants are made, ensuring transparency in director compensation.
EXHIBIT 10.19
HURON CONSULTING GROUP INC.
DIRECTORS’ COMPENSATION FOR 2008 AND 2009
SUMMARY SHEET
| 2008 | 2009 | |||||
| Cash Compensation | ||||||
| Annual Board Retainer (1) | $ | 50,000 | $ | 60,000 | ||
| Annual Committee Chairmanship Retainer (1): | ||||||
| Audit Committee | $ | 10,000 | $ | 10,000 | ||
| Compensation Committee | $ | 7,500 | $ | 7,500 | ||
| Nominating and Corporate Governance Committee | $ | 7,500 | $ | 7,500 | ||
| Board Meeting Fee (per meeting) | $ | 1,000 | $ | 1,000 | ||
| Committee Meeting Fee (per meeting) | $ | 1,000 | $ | 1,000 | ||
| Equity Compensation | ||||||
| Grant of Restricted Common Stock Upon Appointment (2) | $ | 400,000 | $ | 400,000 | ||
| Annual Grant of Restricted Common Stock (3) | $ | 160,000 | $ | 170,000 | ||
| (1) | Annual retainers are paid in four equal installments and are prorated to reflect the portion of the year that the director serves on the board. |
| (2) | Upon appointment to the board, independent directors will be granted shares of restricted common stock with an aggregate fair value of $400,000, based on the closing stock price on the date immediately preceding the date of appointment. Such shares will vest over the following twelve quarters. |
| (3) | On the date of our 2008 annual meeting of stockholders, each independent director was granted shares of restricted common stock with an aggregate fair value of $160,000. On the date of our 2009 annual meeting of stockholders, each independent director will be granted shares of restricted common stock with an aggregate fair value of $170,000. The number of shares granted is based on the closing stock price on the date immediately preceding the date of the annual meeting and vest over the following twelve quarters. |
