P. H. Glatfelter Company Summary of Non-Employee Director Compensation (Effective May 1, 2006)
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Summary
This document outlines the compensation plan for non-employee directors of P. H. Glatfelter Company, effective May 1, 2006. Directors receive annual retainers, meeting fees, and additional compensation for committee chair roles and board retreats. Part of the annual retainer is paid in company stock, and directors also receive restricted stock units that vest over three years. The plan specifies the amounts and payment structure for each type of compensation.
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
P. H. Glatfelter Company
Summary of Non-Employee Director Compensation
(effective May 1, 2006)
| Type | Frequency | Amount | ||||||
Board Retainer (1) | Annually | $ | 27,000 | |||||
Committee chairperson retainer | Annually | 5,000 | ||||||
Board retreat | Annually | 2,000 | ||||||
Board meetings | Per meeting | 1,500 | ||||||
Committee meetings | Per meeting | 1,000 | ||||||
Other: Restricted Stock Units (2) | Annually | 15,500 | ||||||
| (1) | Annual retainer two-thirds of which will consist of shares of Glatfelter common stock and one-third in cash. |
| (2) | Restricted stock units with a grant-date value of $15,500 vesting ratably over a three year period. |
