Invacare Corporation Board of Directors Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Invacare Corporation. Directors receive an annual retainer of $40,000, with additional fees for serving as Lead Director or committee chairs. Meeting attendance is compensated, and directors receive restricted stock awards. New directors are granted stock options, and all non-employee directors may choose to defer fees into discounted stock options. The schedule specifies amounts for each role and type of meeting, ensuring transparency in director compensation.

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EX-10.(X) 2 dex10x.htm DIRECTOR COMPENSATION SCHEDULE Director Compensation Schedule

Exhibit 10(x)

INVACARE CORPORATION

BOARD OF DIRECTORS COMPENSATION

 

Retainer Fee

   

$40,000

Additional Retainer Fees

   

Lead Director:

   

$10,000

Audit Chair:

   

$7,500

Compensation Chair:

   

$2,500

Regular Meeting Fees

   

$2,000

Committee Meeting Fees

   

Chair:

   

$2,000

Member:

   

$1,500

Telephonic Meetings

   

50% of the applicable meeting fee

Stock Components

   

Restricted stock award grant value of $54,000

  

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