MERCURYGENERAL CORPORATION BOARD FEES
EX-10.28 4 dex1028.htm DIRECTOR COMPENSATION AGREEMENT dex1028.htm
Exhibit 10.28
MERCURY GENERAL CORPORATION BOARD FEES
| PRIOR FEES | NEW FEES | |
| Director Compensation – Quarterly | $3,000 per quarter | $4,000 per quarter |
| Director Compensation – Attendance | $3,000 per meeting | $4,000 per meeting held in person or telephonically lasting 1 hour or more |
| $500 per meeting held telephonically | ||
| lasting less than 1 hour | ||
| Audit Committee (Chair) – Attendance | $2,500 per meeting | $3,500 per meeting |
| Audit Committee (Non Chair) – Attendance | $2,500 per meeting | $2,500 per meeting |
| Audit Committee (Chair) – Annual Retainer | $1,500 annual retainer | $4,000 annual retainer |
| Compensation Committee – Attendance | $500 per meeting | $500 per meeting |
| Compensation Committee (Chair) – Annual Retainer | $150 per hour | $2,500 annual retainer |
| Corporate Governance (Chair) – Attendance | $1,500 per meeting | $1,500 per meeting |
| Corporate Governance Committee (Non Chair) - | $1,000 per meeting | $1,000 per meeting |
| Attendance | ||
| Corporate Governance (Chair) – Annual Retainer | $1,500 annual retainer | $1,500 annual retainer |
| Investment Committee – Attendance | $1,500 per meeting | $1,500 per meeting |
| Lead Director – Annual Retainer | None | $10,000 annual retainer |
