Old Dominion Freight Line, Inc. Non-Executive Director Compensation Structure (Effective May 16, 2005)
This document outlines the compensation structure for non-executive directors of Old Dominion Freight Line, Inc., effective May 16, 2005. It specifies annual retainers for board and committee service, including additional amounts for committee chairs and members. Directors receive meeting fees for in-person attendance, but not for telephonic meetings. The agreement details the amounts paid for service on the Board of Directors, Audit Committee, Compensation Committee, and Governance and Nomination Committee.
Exhibit 10.18.1
Old Dominion Freight Line, Inc.
Non-Executive Director Compensation Structure
Effective Date – May 16, 2005
| Board of Directors | Audit Committee | Compensation Committee | Governance and Nomination Committee | |||||||||
| Annual Retainer, Chair | N/A | $ | 7,500 | $ | 5,000 | $ | 5,000 | |||||
| Annual Retainer, Member | $ | 22,500 | $ | 5,000 | $ | 3,000 | $ | 3,000 | ||||
| Meeting Fee * | $ | 1,500 | $ | 1,500 | $ | 1,500 | $ | 1,500 | ||||
| * | Compensation is not paid for telephonic meetings. |
