P. H. Glatfelter Company Summary of Non-Employee Director Compensation (effective January 1, 2005) Type Frequency AmountBoard Retainer (1) Annually $ 22,000 Committee chairperson retainer Annually 4,000 Board retreat Annually 1,500 Board or committee meetings Per meeting 1,000 Other: Restricted Stock Units (2) Annually 15,000
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
P. H. Glatfelter Company
Summary of Non-Employee Director Compensation
(effective January 1, 2005)
| Type | Frequency | Amount | ||||||
Board Retainer (1) | Annually | $ | 22,000 | |||||
Committee chairperson retainer | Annually | 4,000 | ||||||
Board retreat | Annually | 1,500 | ||||||
Board or committee meetings | Per meeting | 1,000 | ||||||
Other: Restricted Stock Units (2) | Annually | 15,000 | ||||||
| (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. |
