Kite Realty Group Trust Schedule of Non-Employee Trustee Fees and Compensation

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee trustees of Kite Realty Group Trust. Trustees receive an annual retainer of $25,000, plus $1,000 for each board or committee meeting attended. Committee chairs receive additional annual retainers, and the lead trustee receives a $10,000 retainer. Trustees are also granted restricted shares upon election and annually thereafter, with shares vesting after one year. The compensation plan has been effective since August 2004.

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EX-10.41 6 ex10_41.htm

Exhibit 10.41

KITE REALTY GROUP TRUST

{H1}Schedule of Non-Employee Trustee Fees and Other Compensation
Annual Retainer
               
$25,000
Board Meeting Fees (telephonic and in-person)
               
$1,000
Committe Meeting Fees (telephonic and in-person)
               
$1,000
Committee Chair Annual Retainer
               
Audit Committee: $10,000
Compensation Committee: $7,500
Nominating and Corporate Governance Committee: $5,000
Lead Trustee Retainer
               
$10,000
Annual Restricted Share Awards
               
Upon initial election, each trustee receives 3,000 restricted shares that vest 1 year from date of grant.
On an annual basis each year after their initial election, each trustee will receive restricted shares with a value of $15,000 that vest 1 year from the date of grant.
 

Effective: August 2004