Independent Director Compensation Program as of December 9, 2021

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation program for independent directors of the company as of December 9, 2021. Independent directors receive an annual retainer of $110,000, with additional fees for serving on various board committees, such as the Audit, Nominating and Corporate Governance, and Conflicts Committees. Committee chairs receive higher fees, which include the member fee. Equity awards may also be granted at the discretion of the board or a committee. The program sets out the structure and amounts of compensation for independent board members.

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EX-10.17 3 ex10_17.htm EX-10.17
Exhibit 10.17
 
INDEPENDENT DIRECTOR COMPENSATION PROGRAM
 
As of December 9, 2021
 
1. Annual Retainer:  $110,000.
 
2. Committee Fees:
 

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Audit Committee
 

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Member-$25,000
 

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Audit Committee Chair-$50,000 (inclusive of the Audit Committee Member fee),
 

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Nominating and Corporate Governance Committee
 

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Member-$15,000,
 

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Conflicts Committee
 

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Member-$10,000,
 

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Conflicts Committee Chair-$25,000 (inclusive of the Conflicts Committee Member fee).
 
3. Equity Awards: to be determined from time to time by the board of directors or a committee thereof.