Invacare Corporation Board of Directors Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee members of the Invacare Corporation Board of Directors. Directors receive an annual retainer of $60,000, with additional fees for serving as Lead Director or committee chairs. Directors are also eligible for restricted stock awards and, for new directors, stock options. Non-employee directors can choose to defer their fees into discounted stock options. The agreement specifies extra meeting fees and details the equity components of compensation.

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EX-10.(X) 6 dex10x.htm DIRECTOR COMPENSATION SCHEDULE Director Compensation Schedule

Exhibit 10(x)

INVACARE CORPORATION

BOARD OF DIRECTORS COMPENSATION

 

Retainer Fee

    $ 60,000      

Additional Retainer Fees

      

Lead Director:

    $ 15,000      

Audit Chair:

    $ 15,000      

Compensation Chair:

    $ 15,000      

Other Committee Chairs:

    $ 10,000      

Fees for Meetings in excess of 24 in a year

    $ 1,500      

Equity Components

      Restricted stock award grant value of $90,000
    
 		 For new directors - non-qualified stock option grant equal to
$150,000 divided by the market price on date elected

Non-Employee Director Elective Stock Option Program

     
 		 Non-employee directors may elect to defer all or a portion of their
following year director fees into discounted stock options