Old Dominion Freight Line, Inc. Non-Employee Director Compensation Structure (Effective 2018)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Old Dominion Freight Line, Inc., effective from the 2018 annual shareholders meeting. Non-employee directors receive an annual cash retainer of $80,000 and an annual restricted stock grant of $120,000. Additional cash retainers are provided for directors serving as Lead Independent Director ($25,000), Audit Committee Chair ($25,000), Compensation Committee Chair ($15,000), and Governance and Nomination Committee Chair ($12,500). These additional amounts are paid on top of the base retainer.

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EX-10.18.11 2 ex-101811.htm EXHIBIT 10.18.11 Exhibit


EXHIBIT 10.18.11


OLD DOMINION FREIGHT LINE, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE
EFFECTIVE AS OF THE 2018 ANNUAL MEETING OF SHAREHOLDERS
 
Annual Cash
Annual Restricted
Director Role
Retainer
Stock Grant Amount
Member (all non-employee directors)
$80,000
$120,000
Lead Independent Director
      25,000 (1)
—
Audit Committee Chair
      25,000 (1)
—
Compensation Committee Chair
      15,000 (1)
—
Governance and Nomination Committee Chair
      12,500 (1)
—

(1) 
Each non-employee Chair of a Board Committee and the Lead Independent Director receives this annual retainer in addition to the $80,000 annual cash retainer paid to all non-employee directors.