Old Dominion Freight Line, Inc. Non-Executive Director Compensation Structure Effective January 1, 2014
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Summary
This document outlines the compensation structure for non-executive directors of Old Dominion Freight Line, Inc., effective January 1, 2014. Non-executive directors receive an annual cash retainer of $75,000 and an annual phantom stock grant valued at $80,000. Additional annual retainers are provided to the Lead Independent Director ($20,000), Audit Committee Chairman ($20,000), Compensation Committee Chairman ($10,000), and Governance and Nomination Committee Chairman ($10,000). These additional payments are in addition to the base retainer for all non-executive directors.
EX-10.18.8 2 ex-10188.htm NON-EXECUTIVE DIRECTOR COMPENSATION STRUCTURE EX-10.18.8
EXHIBIT 10.18.8
OLD DOMINION FREIGHT LINE, INC.
NON-EXECUTIVE DIRECTOR COMPENSATION STRUCTURE
EFFECTIVE DATE – JANUARY 1, 2014
Annual Retainer | Annual Phantom | |
Director Role | Amount | Stock Grant Amount |
Member (all non-executive directors) | $75,000 | $80,000 |
Lead Independent Director (1) | 20,000 | — |
Audit Committee Chairman (1) | 20,000 | — |
Compensation Committee Chairman (1) | 10,000 | — |
Governance and Nomination Committee Chairman (1) | 10,000 | — |
(1) | Each non-executive Chairman of a Board Committee and the Lead Independent Director receives this annual retainer in addition to the $75,000 annual retainer paid to all non-executive directors. |
