Oshkosh Corporation Summary of Cash Compensation for Non-Employee Directors
This document outlines the cash compensation structure for non-employee members of Oshkosh Corporation's Board of Directors. Non-employee directors receive an annual retainer, with additional payments for serving as Chairman, committee members, or committee chairs. The agreement also covers reimbursement for reasonable travel and related expenses incurred while attending meetings or educational programs. The compensation amounts and roles are clearly specified for the calendar year.
Exhibit 10.3
OSHKOSH CORPORATION
Summary of Cash Compensation for Non-Employee Directors
Cash compensation for non-employee members of the Board of Directors (the “Board”) of Oshkosh Corporation consists of payment of the following: (i) an annual retainer of $97,500 for each non-employee director; (ii) an additional annual retainer of $170,000 for the non-employee Chairman of the Board; (iii) an additional annual retainer of $13,500 for each Board Committee on which a non-employee director serves during the calendar year; (iv) an additional annual retainer of $20,000 to the non-employee Chair of the Audit Committee of the Board; (v) an additional annual retainer of $15,000 to the non-employee Chair of the Governance Committee and the Human Resources Committee of the Board; and (vi) reimbursement of reasonable travel and related expenses incurred in attending Board and Board committee meetings and continuing education programs.
