EXHIBIT A Piedmont Director Compensation StructurePay ComponentAmountAnnual Board Retainer$60,000*Board Meeting Fee$1,000* per meetingCommittee Meeting Fee$1,000* per meetingAnnual Independent Lead Director Retainer$17,500*Annual Committee Chair RetainersAudit: $15,000*Compensation: $9,375*Directors & Corporate Governance: $9,375*Benefits: $5,000*Finance: $5,000*Annual Equity Grant$90,000Initial Election Equity Grant Eliminated

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.