Summary of Non-Employee Director Compensation for Inergy Holdings, L.P.
This document outlines the compensation for non-employee directors of Inergy Holdings, L.P. Directors receive an annual cash retainer of $25,000, additional fees for serving as committee chairs, and meeting fees for special board and committee meetings. Upon joining the board, each director is granted 20,000 unit options, and after two years, receives restricted units valued at $25,000. The board may adjust the form and terms of these awards within the limits of the company's Long Term Incentive Plan.
Exhibit 10.1
Summary of Non-Employee Director Compensation
Cash Compensation
| Annual Retainer: | $ | 25,000 | |
| Annual Committee Fees: | |||
| Audit Committee Chair | $ | 5,000 | |
| Compensation Committee Chair | $ | 1,000 | |
| Meeting Fees: | |||
| Special Board Meetings | $ | 1,000 | |
| Committee Meetings | $ | 1,000 |
Equity Compensation
Upon appointment to the board, each non-employee director will receive a grant of 20,000 unit options under the Inergy Holdings, L.P. Long Term Incentive Plan. Additionally, at the second anniversary of appointment each non-employee director will receive restricted units under the Inergy Holdings, L.P. Long Term Incentive Plan equal to $25,000 in value. Subject to limits in the Inergy Holdings, L.P. Long Term Incentive Plan, the board has the discretion to determine the form and terms of such awards to non-employee directors.
