Alberto-Culver Company Summary of Director Compensation
This document outlines the compensation policy for directors of Alberto-Culver Company. Non-employee directors receive an annual retainer of $40,000, plus fees for attending board and committee meetings. Committee chairmen receive an additional annual retainer. Employee directors do not receive extra pay for board or committee service. The agreement specifies the amounts paid for in-person and conference call meetings, ensuring clarity on director compensation.
Exhibit 10(v)
Alberto-Culver Company
Summary of Director Compensation
Each non-employee director receives an annual retainer of $40,000. Non-employee directors receive $1,500 for each meeting of the Board of Directors and each meeting of the Audit Committee, Compensation and Leadership Development Committee and Nominating/Governance Committee attended and $750 for each such committee conference call meeting attended. The chairman of each of the Audit Committee, Compensation and Leadership Development Committee and Nominating/Governance Committee receives an additional annual retainer of $7,500. Employee directors receive no additional compensation for serving on the Board of Directors or its committees.
