Parker-Hannifin Corporation Summary of Compensation for Non-Employee Directors
This document outlines the compensation structure for non-employee members of the Board of Directors of Parker-Hannifin Corporation, effective October 1, 2010. It specifies annual retainers for committee chairs and members, additional meeting fees for excess meetings, and an annual restricted stock grant. The compensation varies depending on the committee and role, ensuring clear guidelines for board member payments.
Exhibit 10(c)
PARKER-HANNIFIN CORPORATION
SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE MEMBERS
OF THE BOARD OF DIRECTORS
Adopted August 11, 2010, effective October 1, 2010
| Annual retainer for Corporate Governance and Nominating Committee Chair: | $ | 127,500 | ||
| Annual retainer for Audit Committee Chair: | $ | 117,500 | ||
| Annual retainer for Human Resources and Compensation Committee Chair: | $ | 112,500 | ||
| Annual retainer for Finance Committee Chair: | $ | 110,000 | ||
| Annual retainer for non-chair committee members: | $ | 102,500 |
Meeting fees of $1,500 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
