MarkWest Energy Partners, L.P. 2006 Non-Employee Director Compensation Summary

Summary

This document outlines the 2006 compensation for non-employee directors of the general partner of MarkWest Energy Partners, L.P. Non-employee directors receive an annual retainer of $20,000, fees for attending meetings, and an annual grant of 1,000 shares of restricted stock. Additional retainers are provided to the chairs of the Audit and Compensation Committees. Employee directors do not receive extra compensation for board service. All directors are reimbursed for reasonable expenses related to their duties.

EX-10.1 2 a06-4184_1ex10d1.htm MATERIAL CONTRACTS

Exhibit 10.1

 

MarkWest Energy Partners, L.P.

Summary of Director Compensation

 

For 2006, each non-employee director of the general partner of MarkWest Energy Partners, L.P. will receive:

 

•     an annual retainer of $20,000,

 

•      $2,000 each regularly scheduled quarterly meeting attendance fee,

 

•      $1,000 committee meeting attendance fee, and

 

•      an annual grant of 1,000 shares of restricted stock of MarkWest Hydrocarbon.

 

The respective Chairs of the Audit Committee and of the Compensation Committee will receive an additional annual retainer of $4,000 and $2,000, respectively.  Employee directors receive no additional compensation for serving as directors.  Directors will be reimbursed for reasonable expenses incurred in connection with attending board and committee meeting or performing their duties as directors.