2024 Non-Employee Director Compensation Policy
This agreement outlines the compensation for non-employee directors of the company for 2024. Each non-employee director will receive a total annual retainer of $200,000, split equally between cash (paid quarterly) and restricted stock units (awarded at the annual meeting and vesting after one year). Additional annual retainers are provided for directors with extra responsibilities, such as serving as Chair of the Board or various committees.
Exhibit 10.28
Director Compensation
Each non-employee director of the Company shall receive for calendar year 2024 an annual retainer fee of $200,000, payable $100,000 in cash, quarterly in arrears, and $100,000 in restricted stock units to be awarded on the day of the 2024 annual meeting of shareholders subject to vesting on the one-year anniversary of the grant date. Non-employee directors with significant additional duties shall receive the following additional annual retainers: (i) $90,000 for the Chair of the Board of Directors; (ii) $17,500 for the Chair of the Audit Committee, (iii) $12,500 for the Chair of the Compensation and Management Development Committee, and (iv) $10,000 for the Chair of the Corporate Governance Committee.
