Compensation Summary for Independent Non-Employee Director of NextEra Energy Partners GP, Inc. (Effective January 1, 2016)
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Summary
This document outlines the compensation for an independent non-employee director of NextEra Energy Partners GP, Inc. Effective January 1, 2016, the director receives an annual retainer of $55,000, paid quarterly, and an additional $15,000 annually if serving as a committee chair. The director is also granted restricted common units valued at $105,000 each year, determined by the market price on the grant date. Additional benefits include travel and accident insurance, which also covers the director's spouse.
EX-10.1 2 nep3q2016ex101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1
NEXTERA ENERGY PARTNERS, LP
COMPENSATION SUMMARY FOR INDEPENDENT NON-EMPLOYEE DIRECTOR OF
NEXTERA ENERGY PARTNERS GP, INC.
(Effective January 1, 2016)
Annual Retainer (payable quarterly) | $55,000 |
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 $105,000 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) |
