Summary of Cash Compensation for Non-Employee Directors of Oshkosh Truck Corporation
Oshkosh Truck Corporation outlines the cash compensation for its non-employee directors, effective October 1, 2004. Each non-employee director receives an annual retainer of $35,000. Those serving as chair of a Board Committee receive an additional $5,000 annually. Non-employee directors are also paid $1,500 for each Board or Committee meeting they attend, whether in person or by phone.
Exhibit (10.1)
Summary of Cash Compensation For Non-Employee DirectorsCash compensation for non-employee members of the Board of Directors (the “Board”) of Oshkosh Truck Corporation, effective October 1, 2004, consists of payment of the following: (i) an annual retainer of $35,000 for each non-employee director; (ii) an annual retainer of $5,000 for each non-employee director who is a chair of a Board Committee; and (iii) a fee of $1,500 for each meeting of the Board or a Board Committee that a non-employee director attends either in person or via telephone.
