PowerSecure International, Inc. Non-Employee Director Compensation Summary (Effective January 1, 2013)
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Summary
This document outlines the compensation structure for non-employee directors of PowerSecure International, Inc. as of January 1, 2013. Directors receive a monthly cash retainer, additional annual fees for serving as Board or Committee Chair, and meeting fees for committee participation. They are also granted restricted stock annually, valued at $50,000, which vests in four quarterly installments. The agreement specifies that only one meeting fee is paid per day, regardless of the number of meetings attended.
EX-10.16 2 d496961dex1016.htm EX-10.16 EX-10.16
Exhibit 10.16
POWERSECURE INTERNATIONAL, INC.
Summary Sheet of Compensation of Non-Employee Directors
As of January 1, 2013
| Cash Retainer: | $3,000 per month | |
| Board Chairman Fees: | $15,000 per year | |
| Committee Chairman Fees: | $7,500 per year | |
| Meeting Fees: | $1,500 per meeting of a Committee of the Board, provided that only one meeting fee is payable per day, regardless of how many meetings are held on that day | |
| Restricted Stock Grants: | For continuing directors, on an annual basis on the date of each Annual Meeting of Stockholders, $50,000 in fair market value (based upon the closing sale price of the Common Stock as reported on its principal stock trading exchange or market on the date of grant) of restricted shares of Common Stock, vesting in four equal quarterly installments commencing three months after the date of grant | |
