Non-Employee Director Compensation Schedule (Effective March 20, 2019)

Summary

This document outlines the compensation structure for non-employee directors of the company, effective March 20, 2019. Directors receive an annual retainer of $40,000 in cash and $60,000 in common stock. Additional fees are provided for serving as Lead Independent Director or as chair or member of key committees, with specific amounts detailed for each role. The agreement sets forth the payment amounts and roles eligible for compensation but does not specify additional conditions or time limits.

EX-10.1 2 irt-ex101_300.htm EX-10.1 irt-ex101_300.htm

Exhibit 10.1

Schedule of Non-Employee Director Compensation
(as revised, effective March 20, 2019)

1.Annual Retainer:

a.$40,000 cash.

b.$60,000 in common stock.

2.Lead Independent Director and Annual Committee Chair Fees:

a.Lead Independent Director Fee - $20,000.

b.Audit Committee Chair - $20,000.

c.Compensation Committee Chair - $15,000.

d.Nominating and Governance Committee Chair - $10,000

3.Annual Committee Member (other than Chair) Fees:

a.Audit Committee - $7,500.

b.Compensation Committee - $5,000.

c.Nominating and Governance Committee - $5,000.