Nordstrom, Inc. Board of Directors Compensation Schedule (Effective May 22, 2007)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for members of the Nordstrom, Inc. Board of Directors, effective May 22, 2007. It specifies annual cash retainers for directors and committee chairs, annual stock awards, and a supplemental stock award for the Non-Executive Chairman. Directors may also choose to defer their compensation under a voluntary deferred compensation plan, with elections required before the first board meeting of each year.

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EX-10.54 2 v28408exv10w54.htm EXHIBIT 10.54 exv10w54  

EXHIBIT 10.54
Nordstrom, Inc.
Board of Directors Compensation Schedule
Approved by the Board of Directors on February 21, 2007
To Be Effective on May 22, 2007
             
     
 
 
          
 
Annual Cash Retainer
          
 
Director Annual Retainer
   $ 50,000    
 
 
          
     
 
 
          
 
Committee Chair Annual Retainer
          
 
Audit Committee
   $ 15,000    
 
Compensation Committee
   $ 12,500    
 
Corporate Governance and Nominating Committee
   $ 10,000    
 
Finance Committee
   $ 10,000    
 
 
          
     
 
 
          
 
Committee Member Annual Retainer
          
 
Audit Committee
   $ 10,000    
 
Compensation Committee
   $ 10,000    
 
Corporate Governance and Nominating Committee
   $ 10,000    
 
Finance Committee
   $ 10,000    
 
Executive Committee
   $ 0    
 
 
          
     
 
 
          
 
Annual Stock Award
          
 
Stock having a value of:
   $ 100,000    
 
 
          
     
 
 
          
 
Non-Executive Chairman of the Board Supplemental Annual Retainer
          
 
Stock having a value of:
   $ 200,000    
 
 
          
 
(The Non-Executive Chairman of the Board receives this supplemental annual stock award in addition to all of the other directors’ fees shown above.)
  
 
 
          
     
 
 
          
 
Deferred Compensation Plan
          
 
Directors are eligible for voluntary deferral of annual cash retainers, committee chair retainers, committee member retainers and annual stock awards. Elections to defer compensation for any given calendar year must be made prior to the first Board meeting within such calendar year.