PowerSecure International, Inc. Non-Employee Director Compensation Summary

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of PowerSecure International, Inc. Directors receive an annual cash retainer, additional fees for serving as Board or Committee Chair, and meeting fees. They are also granted restricted stock upon initial appointment and annually, with vesting schedules tied to service duration. The agreement specifies payment amounts and vesting terms for stock grants, ensuring directors are compensated for their service and incentivized to remain with the company.

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EX-10.1 2 l34855aexv10w1.htm EX-10.1 EX-10.1
Exhibit 10.1
POWERSECURE INTERNATIONAL, INC.
Summary Sheet of Compensation Paid to Non-Employee Directors
     
Cash Retainer:
  $36,000 per year
 
    
Board Chairman Fees:
  $25,000 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 or appointment, a number of restricted shares of Common Stock equal to $100,000 divided by the average closing sale price of the Common Stock over the prior year as reported on its principal trading stock exchange or market, vesting in three equal annual installments commencing on the first anniversary of election or appointment
 
    
 
  On the date of each Annual Meeting of Stockholders (unless first elected or appointed on such date), $50,000 in fair market value on the 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 commencing three months after the Annual Meeting

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