Old Dominion Freight Line, Inc. Non-Executive Director Compensation Structure (Effective January 1, 2011)
This document outlines the compensation structure for non-executive directors of Old Dominion Freight Line, Inc., effective January 1, 2011. Non-executive directors receive an annual retainer of $55,000. 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 amounts are paid on top of the base retainer. The structure applies only to non-executive directors and specifies the compensation for various board roles.
Exhibit 10.18.6
OLD DOMINION FREIGHT LINE, INC.
NON-EXECUTIVE DIRECTOR COMPENSATION STRUCTURE
EFFECTIVE DATE – JANUARY 1, 2011
| Director Role | Annual Retainer Amount | |||
| Member (all non-executive directors) | $ | 55,000 | ||
| 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 retainer paid to all non-executive directors of $55,000. |
