Parker-Hannifin Corporation Summary of Non-Employee Director Compensation (Effective October 24, 2018)
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Summary
This document outlines the compensation structure for non-employee members of the Parker-Hannifin Corporation Board of Directors, effective October 24, 2018. It specifies annual retainers for various committee chairs and members, additional meeting fees for extra meetings, and an annual grant of restricted stock units. The compensation varies based on the director's role, with higher retainers for committee chairs and the lead director. The agreement ensures directors are compensated for their service and participation beyond regular meetings.
EX-10.A 3 ph9302018ex10a.htm EXHIBIT 10.A Exhibit
Exhibit 10(a)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS OF THE BOARD OF DIRECTORS
Adopted August 15, 2018 and September 7, 2018
Effective October 24, 2018
Annual retainer for Corporate Governance and Nominating
Committee Chair and Lead Director: $200,000
Annual retainer for Audit Committee Chair: $165,000
Annual retainer for Human Resources and Compensation
Committee Chair: $165,000
Annual retainer for non-chair committee members: $140,000
Meeting fees of $2,000 for attending each Board of Directors or Committee meeting that exceeds the number of regularly-scheduled meetings of the Board and relevant Committee in a fiscal year by more than two.
Annual restricted stock unit grant
