Compensation Summary for Independent Non-Employee Director of NextEra Energy Partners, LP (Effective January 1, 2018)
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Summary
This document outlines the compensation package for independent non-employee directors of NextEra Energy Partners, LP, effective January 1, 2018. Directors receive an annual retainer of $65,000, paid quarterly, and an additional $15,000 annually if serving as a committee chair. They are also granted restricted common units valued at $115,000 each year, determined by the share price at the time of the grant. The package includes travel and accident insurance, with coverage extended to spouses.
EX-10.16 2 nep-12312017ex1016.htm EXHIBIT 10.16 Exhibit
Exhibit 10.16
NEXTERA ENERGY PARTNERS, LP
COMPENSATION SUMMARY FOR INDEPENDENT NON-EMPLOYEE DIRECTOR OF
NEXTERA ENERGY PARTNERS, LP
(Effective January 1, 2018)
Annual Retainer (payable quarterly) | $65,000 |
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 $115,000 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) |
