Parker-Hannifin Corporation Summary of Non-Employee Director Compensation (2016)
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Summary
Parker-Hannifin Corporation outlines the compensation structure for its non-employee Board of Directors, effective October 26, 2016. The agreement specifies annual retainers for committee chairs and members, ranging from $130,000 to $170,000, and provides additional meeting fees for attendance beyond a set number of meetings. Non-employee directors also receive an annual grant of restricted stock units. This summary ensures transparency regarding director compensation and applies to all non-employee board members.
EX-10.C 5 ph9302016ex10c.htm EXHIBIT 10.C Exhibit
Exhibit 10(c)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS OF THE BOARD OF DIRECTORS
Adopted August 17, 2016, effective October 26, 2016
Annual retainer for Corporate Governance and Nominating
Committee Chair: $170,000
Annual retainer for Audit Committee Chair: $150,000
Annual retainer for Human Resources and Compensation
Committee Chair: $150,000
Annual retainer for Finance Committee Chair: $145,000
Annual retainer for non-chair committee members: $130,000
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
