Board of Directors Compensation Schedule for 2019-2020 Term
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Summary
This document outlines the compensation structure for the Board of Directors for the 2019-2020 term. It specifies annual compensation amounts for the Chairperson, committee chairs, committee members, and new directors without committee assignments. The compensation varies depending on the role and committee assignment, with additional payments for service on the Nominating and Governance Committee. The document applies to all directors serving during this term and details the financial terms of their service.
EX-10.45 4 pgr-20191231exhibit1045.htm EXHIBIT 10.45 Exhibit
Exhibit 10.45
Board of Directors' Compensation
Board of Directors for the 2019-2020 term:
Chairperson of the Board | $450,000 | |
Audit Committee Chair | 300,000 | |
Audit Committee Member | 275,000 | |
Compensation Committee Chair | 290,000 | |
Compensation Committee Member | 265,000 | |
Investment and Capital Committee Chair | 290,000 | |
Investment and Capital Committee Member | 265,000 | |
New Director without a committee assignment | 265,000 | |
Nominating and Governance Committee Chair1 | 20,000 | |
Nominating and Governance Committee Member1 | 15,000 | |
1 Each member of the Nominating and Governance Committee has a primary assignment on one of the other Committees and receives additional compensation for service in these positions.
