Non-Employee Director Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of the company. It specifies annual cash retainers for various leadership roles on the board, including the Lead Director and committee chairpersons, with amounts ranging from $85,000 to $102,000. In addition to cash compensation, non-employee directors receive an annual equity award valued at $180,000 in restricted stock units, which vest after one year or at the next Annual Meeting, whichever comes first.

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EX-10.1 2 exhibit10133123.htm EX-10.1 Document

Exhibit 10.1

Non-Employee Director Compensation

We currently pay our non-employee directors the following:

•annual retainer of $98,500 for the Lead Director
•annual retainer of $102,000 for the Chairperson of the Audit Committee
•annual retainer of $92,500 for the Chairperson of the Compensation Committee
•annual retainer of $85,000 for the Chairperson of the Nominating and Governance Committee

The equity component of the director's compensation is valued at $180,000. The annual equity package consists of restricted stock units. The restricted stock units vest one year from the grant date or on the date of the Annual Meeting, whichever is earlier.