Parker-Hannifin Corporation Summary of Non-Employee Director Compensation (2014)
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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 22, 2014. It specifies annual retainers for committee chairs and members, additional meeting fees for excess meetings, and an annual restricted stock grant. The compensation varies by committee, with chairs receiving higher retainers. The agreement ensures non-employee directors are compensated for their service and participation in board and committee activities.
EX-10.B 2 ph12312014ex10b.htm EXHIBIT 10.B PH 12.31.2014 EX 10b
Exhibit 10(b)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS OF THE BOARD OF DIRECTORS
Adopted August 13, 2014, effective October 22, 2014
Annual retainer for Corporate Governance and Nominating
Committee Chair: $155,000
Annual retainer for Audit Committee Chair: $137,500
Annual retainer for Human Resources and Compensation
Committee Chair: $135,000
Annual retainer for Finance Committee Chair: $130,000
Annual retainer for non-chair committee members: $120,000
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 or the relevant Committee in a fiscal year by more than two.
Annual restricted stock grant
