Piedmont Board of Directors Non-Management Compensation Resolution (Effective November 1, 2014)

Summary

This resolution, adopted by the Board of Directors of Piedmont, establishes the compensation structure for non-management directors effective November 1, 2014. It outlines annual retainers, meeting fees, committee chair retainers, and equity grants for board service. The compensation includes both cash and equity components, with additional amounts for committee chairs and the independent lead director. The structure also provides for a stock match if directors opt to receive compensation through the company's Dividend Reinvestment and Stock Purchase Plan.

EX-10.1 2 a2014731exhibit101.htm EX-10.1 2014.7.31 Exhibit 10.1

Exhibit 10.1

Resolution of Board of Directors, June 6, 2014, establishing compensation for non-management directors

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NOW, THEREFORE, LET IT BE RESOLVED, That the Board member compensation structure set forth in Exhibit A is hereby approved, effective November 1, 2014; and

EXHIBIT A



Piedmont Director Compensation Structure
Pay Component	Amount
Annual Board Retainer	$60,000*
Board Meeting Fee	$1,000* per meeting
Committee Meeting Fee	$1,000* per meeting
Annual Independent Lead Director Retainer	$17,500*
Annual Committee Chair Retainers	Audit: $15,000* Compensation: $9,375* Directors & Corporate Governance: $9,375* Benefits: $5,000* Finance: $5,000*
Annual Equity Grant	$90,000
Initial Election Equity Grant	Eliminated

*Inclusive of the 25% stock match assuming the Director takes all of his or her retainers and attendance fees in the Company’s Dividend Reinvestment and Stock Purchase Plan.