Compensation Summary for Independent Non-Employee Director of NextEra Energy Partners, LP (Effective January 1, 2021)
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Summary
This document outlines the compensation for independent non-employee directors of NextEra Energy Partners, LP, effective January 1, 2021. Directors receive an annual retainer of $77,500, paid quarterly, and an additional $15,000 annually if serving as a committee chair. They are also granted restricted common units each year, valued at $137,500, under the company's 2014 Long-Term Incentive Plan. The number of units is based on the closing price at the time of the grant. Directors also receive travel and accident insurance, including coverage for spouses.
EX-10.17 4 nep-q42020xexx1017.htm EX-10.17 Document
Exhibit 10.17
NEXTERA ENERGY PARTNERS, LP
COMPENSATION SUMMARY FOR INDEPENDENT NON-EMPLOYEE DIRECTOR OF
NEXTERA ENERGY PARTNERS, LP
(Effective January 1, 2021)
Annual Retainer (payable quarterly) | $77,500 | ||||
Committee Chair retainer (annual) (payable quarterly) | $15,000 | ||||
Annual grant of restricted common units (under 2014 Long-Term Incentive Plan) | That number of common units determined by dividing $137,500 by closing price of NextEra Energy Partners, LP common units on effective date of grant (rounded up to the nearest 10 common units) | ||||
Miscellaneous | Travel and Accident Insurance (including spouse coverage) | ||||
