2021-2022 Board of Directors Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for the Board of Directors for the 2021-2022 term. It specifies annual fees for the Independent Board Chair and Non-Employee Directors, as well as additional premiums for serving as a committee chair or as a member of certain committees. The schedule also notes that the committee assignment premium does not apply to Executive Committee members. The agreement is between the company and its board members, detailing their compensation for board and committee service during the specified term.

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EX-10.45 3 pgr-20211231exhibit1045.htm EX-10.45 Document

Exhibit 10.45

Board of Directors' Compensation

Board of Directors for the 2021-2022 term:
Board/Committee Fees
Independent Board Chair$470,000
Non-Employee Director285,000 
Committee Chair Premium
Audit Committee Chair35,000 
Compensation Committee Chair25,000 
Investment & Capital Committee Chair25,000 
Nominating & Governance Committee Chair20,000 
Technology Committee Chair25,000 
First Committee Assignment Premium
Audit Committee Member10,000 
Second Committee Assignment Premium1
Committee Member15,000 
1The premium is not provided to members of the Executive Committee.