Non-Employee Director Compensation (Summary of Non-Equity Compensation) Element AmountRetainer $45,000 annually. Directors have the option totake all or part of this retainer as stock,which will be valued at the closing price onthe New York Stock Exchange on the last tradingday of the fiscal quarter preceding the quarterwith respect to which payment is due. Board Meeting Fees $2,000 per meeting Committee Meeting Fees $1,000 per meeting Committee Chair Retainers Audit: $12,000 annually HR & Compensation: $5,000 annually Nominating and Governance: $5,000 annually
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EX-10.38 2 d31390exv10w38.htm SUMMARY OF ARRANGEMENT FOR NON-EQUITY COMPENSATION OF NON-EMPLOYEE DIRECTORS exv10w38
Exhibit 10.38
Non-Employee Director Compensation
(Summary of Non-Equity Compensation)
(Summary of Non-Equity Compensation)
| Element | Amount | |
Retainer | $45,000 annually. Directors have the option to take all or part of this retainer as stock, which will be valued at the closing price on the New York Stock Exchange on the last trading day of the fiscal quarter preceding the quarter with respect to which payment is due. | |
Board Meeting Fees | $2,000 per meeting | |
Committee Meeting Fees | $1,000 per meeting | |
Committee Chair Retainers | Audit: $12,000 annually HR & Compensation: $5,000 annually Nominating and Governance: $5,000 annually |
