Insperity, Inc. Amended and Restated Directors Compensation Plan (Effective August 15, 2012)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation structure for directors of Insperity, Inc., effective February 19, 2013. It specifies annual retainers, committee chair fees, and meeting fees for board and committee service, as well as initial and annual equity awards for directors. The plan details payment amounts for in-person and telephonic attendance, and clarifies that only one meeting fee per day is paid. The agreement ensures directors are compensated for their service and participation in board and committee activities.

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EX-10.6 7 ex10_6.htm EXHIBIT 10.6 ex10_6.htm
Exhibit 10.6
APPENDIX A
Insperity, Inc. Directors Compensation Plan
(Amended and Restated as of August 15, 2012)

Directors' Compensation & Equity Awards
Effective February 19, 2013

 
Board
 
Compensation Committee
FRMA Committee
N&CG Committee
         
Annual Retainer
$50,000
$3,000
$5,000
None
         
Annual Committee Chair Fees
N/A
$12,000
$15,000
$15,000
         
Meeting Fees
$2,000 in person,
$1,000 telephonically*
 
$1,500 in person,
$750 telephonically*
 
These fees are also paid to the Chairman for meetings attended with Management between regular meetings.
 
Only one meeting fee per day will be paid.
$1,500 in person,
$750 telephonically*
 
These fees are also paid to the Chairman for meetings attended with Management or Auditors between regular meetings.
 
Only one meeting fee per day will be paid.
$1,500 in person,
$750 telephonically*
 
These fees are only paid for meetings not held in conjunction with a meeting of the Board of Directors.
 
Only one meeting fee per day will be paid.
         
Initial  Director Award
$75,000
N/A
N/A
N/A
         
Annual Director Award
$90,000
N/A
N/A
N/A
  
* If a Director attends in person a meeting noticed as a telephonic meeting, the Director receives the in person fee.