Kite Realty Group Trust Schedule of Non-Employee Trustee Fees and Compensation Effective April 1, 2016

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee trustees of Kite Realty Group Trust, effective April 1, 2016. Trustees receive an annual cash retainer, additional retainers for serving as committee chairs or members, and a lead trustee retainer. Each trustee is also granted restricted common shares annually, which vest after one year, and new trustees receive a one-time grant of restricted shares. The agreement specifies the amounts for each type of compensation and the vesting schedule for share awards.

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EX-10.36 2 exhibit10_36x2015x10k.htm TRUSTEE FEES Exhibit


EXHIBIT 10.36


Kite Realty Group Trust

Schedule of Non-Employee Trustee Fees and Other Compensation
 
 

Annual Retainer
 
$60,000
 
 
 
Committee Chair Annual Retainer
 
Audit Committee: $20,000
Compensation Committee: $15,000
Nominating and Corporate Governance Committee: $10,000
 
 
 
Committee Member Annual Retainer
 
Audit Committee: $10,000
Compensation Committee: $7,500
Nominating and Corporate Governance Committee: $5,000
 
 
 
Lead Trustee Annual Retainer
 
$20,000
 
 
 
Annual Restricted Share Awards
 
Each trustee will receive restricted common shares with a value of $85,000 on an annual basis, which shares will vest on the one-year anniversary of the grant date.  In addition, upon initial election each trustee will receive a one-time grant of 750 restricted common shares, which shares will vest on the one-year anniversary of the grant date.


Effective April 1, 2016.