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 are eligible for stock option grants, including a special grant for new directors. Non-employee directors can also choose to defer their fees into discounted stock options. The schedule specifies payment amounts and conditions for various roles and meeting types.

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EX-10.(X) 4 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:

    $5,000

Compensation Chair:

    $2,500

Governance Chair:

    $2,500

Regular Meeting Fees

    $2,000

Committee Meeting Fees

   

Member:

    $1,500

Chair:

    $2,000

Telephonic Meetings

   

50% for interim conference calls that are conducted between scheduled meetings

Stock Components

   

Option grant value of $68,500

  

For new directors - option grant to purchase $150,000 in shares based on 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 director fees into discounted stock options