DIRECTORS COMPENSATION SUMMARY SHEET
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Human Resources
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EX-10.16 2 d224907dex1016.htm DIRECTORS COMPENSATION SUMMARY SHEET Directors Compensation Summary Sheet
Exhibit 10.16
DIRECTORS COMPENSATION SUMMARY SHEET
Nonemployee directors receive compensation for board service. Payment dates are the last working day of March, June, September, and December. That compensation includes:
| Annual Retainer: | $51,000 | |
| Chair Retainers: | $125,000 annually for the Non-Executive Chairman of the Board | |
| $30,000 annually for lead independent director (i.e., Outside Directors Committee chair) if there is no Non-Executive Chairman of the Board | ||
| $30,000 annually for Audit Committee chair | ||
| $20,000 annually for Executive Compensation Committee chair | ||
| $10,000 annually for Governance and Nominating Committee chair and all other committee chairs | ||
| Attendance Fees: | $2,000 for each board meeting (attended in person, conducted by telephone, or written consent in lieu of meeting) | |
| $1,000 for each committee meeting (attended in person, conducted by telephone, or written consent in lieu of meeting) | ||
| Expenses related to attendance | ||
| Equity Based Compensation Award: | $100,000 annually | |
