Duke Energy Corporation Director Compensation Program Summary (Effective May 4, 2017)
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Summary
This document outlines the compensation program for outside directors of Duke Energy Corporation, effective May 4, 2017. Outside directors receive an annual cash retainer of $125,000 and an annual stock retainer of $160,000. Additional cash retainers are provided for special roles or extra service, such as serving as Non-Executive Chairman, Lead Director, or committee chairs, with amounts ranging from $10,000 to $100,000 depending on the position and responsibilities. The program specifies the conditions under which these additional fees apply.
EX-10.3 3 duk-20170630x10qxexx103.htm BOARD OF DIRECTORS COMPENSATION Exhibit
Exhibit 10.3
DUKE ENERGY CORPORATION DIRECTOR COMPENSATION PROGRAM SUMMARY
Effective May 4, 2017, the compensation paid to our outside directors will consist of:
Type of Fee | Fee |
Annual Board Retainer (Cash) | $125,000 |
Additional Annual Board Retainer (Cash) (up to one) If director meets one or more of the following during the calendar year: - Serves as a member of a special committee - Attends (in person) more than two offsite committee meetings (excluding the annual Board retreat) - Attends more than thirty (30) meetings of the Board and its regular standing committees | $10,000 |
Annual Board Retainer (Stock) | $160,000 |
Annual Non-Executive Chairman of the Board Retainer, if applicable | $100,000 |
Annual Lead Director Retainer, if applicable | $40,000 |
Annual Audit Committee Chair Retainer | $25,000 |
Annual Compensation Committee Chair/Nuclear Oversight Committee Chair Retainer | $20,000 |
Annual Committee Chair Retainer (Other Committees) | $15,000 |
