Jack in the Box Inc. 2007 Non-Management Director Compensation Summary
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Summary
Jack in the Box Inc. outlines compensation for its non-management directors for fiscal year 2007. Each director receives a $30,000 annual cash retainer, plus fees for attending board and committee meetings. Directors may choose to defer their fees under a deferred compensation plan. Additionally, directors are granted annual stock options, typically up to 10,000 shares, under the company's 2004 Stock Incentive Plan. The company also enters into an indemnification agreement with each director.
EX-10.21 6 a25296exv10w21.htm EXHIBIT 10.21 exv10w21
Exhibit 10.21
DIRECTOR COMPENSATION
FISCAL YEAR 2007
FISCAL YEAR 2007
For service as a non-management director during fiscal 2007, each director will receive an annual cash retainer of $30,000 and meeting fees of $2,500 for each Board meeting and $1,500 for each Committee meeting attended. Under the Company’s Deferred Compensation Plan for Non-Management Directors, directors may elect to defer payment of all or any part of their directors fees. Non-management directors also receive an annual stock option grant generally limited to 10,000 shares or less under the Jack in the Box Inc. 2004 Stock Incentive Plan. The Company executes an Indemnification Agreement with each of its directors, the form of which is attached to the Company’s Form 10-K for the fiscal year ended September 29, 2002, as Exhibit 10.11.
