Non-Employee Director CompensationDecember 2014Board Members:Annual Retainer:$60,000 Annual Equity Award:$90,000 *$150,000 * Target Value of restricted stockLead Director Fee:$20,000 Committee Chair Fees:Audit$15,000 Compensation$15,000 Nominating & Governance$10,000 Regulatory & Compliance$10,000 Meeting Fees:$1,500 **** For meetings attended in excess of 24 in a yearInitial Equity Grant:Number of stock options equal to $150,000 divided by closing price of Company's stock onthe date of election to the Board.
EX-10.P 2 a201410kexhibit10p.htm EXHIBIT 10.P 2014 10K Exhibit 10(p)
Exhibit 10(p)
Non-Employee Director Compensation | |||||
December 2014 | |||||
Board Members: | |||||
Annual Retainer: | $ | 60,000 | |||
Annual Equity Award: | $ | 90,000 | * | ||
$ | 150,000 | ||||
* Target Value of restricted stock | |||||
Lead Director Fee: | $ | 20,000 | |||
Committee Chair Fees: | |||||
Audit | $ | 15,000 | |||
Compensation | $ | 15,000 | |||
Nominating & Governance | $ | 10,000 | |||
Regulatory & Compliance | $ | 10,000 | |||
Meeting Fees: | $ | 1,500 | ** | ||
** For meetings attended in excess of 24 in a year | |||||
Initial Equity Grant: | |||||
Number of stock options equal to $150,000 divided by closing price of Company's stock on | |||||
the date of election to the Board. |