Director Compensation Schedule

EX-10.AQ 5 a201710kexhibit10aq.htm EXHIBIT 10.AQ Exhibit




Exhibit 10(aq)


 
Non-Employee Director Compensation
 
Effective March 2017
 
 
 
 
 
 
Board Member Fees:
 
 
 
 
 
 
 
 
 
Annual Retainer:
 
$
60,000

 
 
Annual Equity Award:
 
$
105,000

(1)(2)
 
 
 
 
 
 
 
 
$
165,000

 
 
 
 
 
 
 
 
 
 
 
 
Lead Director Fee:
 
$
20,000

 
 
 
 
 
 
 
Committee Chair Fees:
 
 
 
 
 
 
 
 
 
Audit
 
$
15,000

 
 
Compensation
 
$
15,000

 
 
Nominating & Governance
 
$
10,000

 
 
Regulatory & Compliance
 
$
15,000

 
 
 
 
 
 
 
Meeting Fees:
 
$
1,500

(3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Target Value of restricted stock units
 
 
 
(2)
New Directors receive an award of a pro-rated number of shares of the most recent annual grant based on the months remaining until the next annual grant
(3)
For meetings attended in excess of 24 in a year