MarkWest Hydrocarbon, Inc. 2005 Non-Employee Director Compensation Summary
MarkWest Hydrocarbon, Inc. outlines its 2005 compensation plan for non-employee directors. Each non-employee director will receive an $18,000 annual retainer, fees for attending meetings ($2,000 for regular meetings and $1,000 for committee meetings), and 1,000 restricted shares. The Chair of the Audit Committee receives an additional $4,000. Employee directors do not receive extra compensation for board service. All directors are reimbursed for reasonable expenses related to their duties.
Exhibit 10.1
MarkWest Hydrocarbon, Inc.
Summary of Director Compensation
For 2005, each non-employee director of MarkWest Hydrocarbon, Inc. will receive:
• an annual retainer of $18,000,
• $2,000 regular meeting attendance fee,
• $1,000 committee meeting attendance fee, and
• 1,000 restricted shares.
The Chair of the Audit Committee will receive an additional $4,000. 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.
