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 $55,000, with additional retainers for serving as committee chairs or members. The Lead Trustee receives an extra annual retainer. Trustees are also granted restricted common shares annually, which vest after one year, and new trustees receive a one-time grant of restricted shares. The compensation plan has been effective since October 2014.

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EX-10.11 3 exhibit10_11.htm EXHIBIT 10.11 exhibit10_11.htm
Exhibit 10.11

 
 
KITE REALTY GROUP TRUST
 

Schedule of Non-Employee Trustee Fees and Other Compensation
 
 
 
Annual Retainer
  
$55,000
     
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 $75,000 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: October 2014