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 $42,500, with additional retainers for serving as committee chairs or members. The Lead Trustee receives an extra $15,000 annually. Upon initial election, each trustee is granted 3,000 restricted shares that vest after one year. Each year thereafter, trustees receive restricted shares valued at $42,500, also vesting after one year. The compensation terms are effective as of July 2013.

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EX-10.4 2 exhibit10_4.htm EXHIBIT 10.4 exhibit10_4.htm
Exhibit 10.4

KITE REALTY GROUP TRUST

Schedule of Non-Employee Trustee Fees and Other Compensation
 
Annual Retainer
  
$42,500
     
Committee Chair Annual Retainer
  
Audit Committee: $15,000
Compensation Committee: $12,500
Nominating and Corporate Governance Committee: $7,500
     
Committee Member Annual Retainer
  
Audit Committee: $5,000
Compensation Committee: $5,000
Nominating and Corporate Governance Committee: $5,000
     
Lead Trustee Annual Retainer
  
$15,000
     
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 $42,500 that vest 1 year from the date of grant.

 

Effective: July 2013