Morgan Stanley Schedule of Non-Employee Directors' Annual Compensation (Effective February 8, 2005)

Summary

This document outlines the annual compensation for non-employee directors of Morgan Stanley, effective February 8, 2005. Non-employee directors receive a $75,000 retainer for board service, $15,000 for serving as a committee chair, and $7,500 for serving as a committee member. Payments are made in advance after the Annual Meeting of Shareholders, or pro-rated if a director joins the board or a committee mid-term. The agreement ensures clear compensation terms for non-employee directors.

EX-10.51 6 dex1051.htm SCHEDULE OF NON-EMPLOYEE DIRECTORS' ANNUAL COMPENSATION Schedule of Non-Employee Directors' Annual Compensation

EXHIBIT 10.51

 

MORGAN STANLEY

 

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

 

Effective February 8, 2005

 

RETAINER(1)(2)


   AMOUNT

Service as a Director

   $ 75,000

Service as a Committee Chair

   $ 15,000

Service as a Committee Member

   $ 7,500

 

(1) Retainer shall be paid promptly after the Annual Meeting of Shareholders, in advance for the period until the next succeeding Annual Meeting of Shareholders.

 

(2) In the event a non-employee director shall join the Board of Directors of Morgan Stanley (“the Board”) at a time other than an Annual Meeting of Shareholders, or shall commence service on an additional Board committee, such director shall be entitled to receive promptly after joining the Board of Directors or such committee, a pro-rated retainer for service until the next succeeding Annual Meeting of Shareholders.