PowerSecure International, Inc. Non-Employee Director Compensation Summary
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Summary
This document outlines the compensation plan for non-employee directors of PowerSecure International, Inc. Directors receive a monthly cash retainer, additional annual fees for serving as Board or Committee Chair, and meeting fees. They are also granted restricted stock upon initial election and re-election, with vesting schedules specified. The compensation structure is designed to reward directors for their service and participation in board and committee activities.
EX-10.28 2 l35808aexv10w28.htm EX-10.28 EX-10.28
Exhibit 10.28
POWERSECURE INTERNATIONAL, INC.
Summary Sheet of Compensation of Non-Employee Directors
Cash Retainer: | $3,000 per month | |
Board Chairman Fees: | $12,500 per year | |
Committee Chairman Fees: | $7,500 per year | |
Meeting Fees: | $1,500 per meeting of a Committee of the Board, provided only one meeting fee is payable per day, regardless of how many meetings are held that day | |
Restricted Stock Grants: | Upon initial election, $100,000 in fair market value (valued based upon the average closing sale price of the Common Stock for the 12 months preceding the date of grant, as reported on its principal trading stock exchange or market) of restricted shares of Common Stock, vesting in three equal annual installments | |
| Upon re-election, $50,000 in fair market value (valued upon date of grant based upon the closing sale price of the Common Stock as reported on its principal stock trading exchange or market) of restricted shares of Common Stock, vesting in four equal quarterly installments |
