Amended and Restated Non-Employee Director Compensation Policy, as amended as of February 26, 2019
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EX-10.1 2 exhibit101nonemployeedirec.htm EXHIBIT 10.1 Exhibit
AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
(Amended as of February 26, 2019, effective July 1, 2019)
Cash Compensation1 | |||
Annual Director (non-chair) Retainer | $ | 37,500 | |
Annual Chair Retainer | $ | 62,500 | |
Board Meetings | $ | 0 | |
Committee Chair Retainer | |||
Audit | $ | 11,000 | |
Compensation | $ | 11,000 | |
Nominating | $ | 6,000 | |
Committee Service Retainer | |||
Audit | $ | 4,000 | |
Compensation | $ | 4,000 | |
Nominating | $ | 4,000 | |
(1) Cash compensation is payable quarterly in advance. New directors appointed to the Board in the future shall receive a prorated portion of the first quarter’s fees.
Equity Compensation (grants at time of annual meeting) 1 | ||
Director (non-chair) | Restricted Stock Units with a value of $37,500 (vesting on the earlier of the one year anniversary of grant or the date of the next annual meeting) | |
Chair | Restricted Stock Units with a value of $62,500 (vesting on the earlier of the one year anniversary of grant or the date of the next annual meeting) | |
(1) New directors appointed to the Board in the future, other than in connection with an annual meeting, shall receive a pro rata amount of the annual equity grants described above, which shall vest upon the next annual meeting.
