P.H. Glatfelter Company Non-Employee Director Compensation Policy

Summary

P.H. Glatfelter Company sets out its compensation policy for non-employee directors in this agreement. Each non-employee director receives an annual retainer of $35,000 (paid two-thirds in company stock and one-third in cash), with additional annual fees for serving as chairperson of certain board committees. Directors also receive fees for attending meetings and an annual Restricted Stock Unit award valued at $30,000, which vests over three years. The policy outlines the structure and amounts of compensation for non-employee board members.

EX-10.(S) 7 w73077exv10wxsy.txt EX-10.(S) EXHIBIT 10(S) NON-EMPLOYEE DIRECTOR COMPENSATION POLICY P.H. Glatfelter Company (the "Company") pays fees to each non employee director of the Company. Each non-employee director receives an annual retainer fee of $35,000 (two-thirds in shares of Glatfelter common stock and one-third in cash) and an additional $10,000 annual retainer if the non-employee director serves as chairperson of either the Audit Committee or the Compensation Committee of the board of directors. Each non-employee director receives an additional $5,000 if they serve as chairperson of either the Finance Committee or the Nominating and Corporate Governance Committee. Each non-employee director will also receive $2,000 for attending the annual board retreat, and $1,500 for each attended board or committee meeting. In addition, each non-employee director will receive an annual Restricted Stock Unit award valued at $30,000 that will vest ratably over a three-year period.