The Progressive Corporation Director Compensation Schedule (2013-2014)

Summary

This document outlines the compensation structure for directors of The Progressive Corporation for the 2013-2014 period. It specifies annual payments for various board roles, including Non-Executive Chairman, Lead Independent Director, and committee chairs and members. Compensation amounts vary by position, with additional prorated payments for certain roles. The agreement ensures directors are compensated according to their responsibilities and committee assignments during the specified timeframe.

EX-10.72 7 exhibit1072.htm EXHIBIT Exhibit 10.72

Exhibit 10.72



THE PROGRESSIVE CORPORATION
DIRECTOR COMPENSATION

 
2013-2014 Compensation
Non-Executive Chairman of the Board
$300,000
Lead Independent Director
$25,000 additional (prorated November 2013-May 2014)
Audit Committee Chair
$250,000
Audit Committee Member
$230,000
Compensation Committee Chair
$240,000
Compensation Committee Member
$225,000
Investment Committee Chair
$230,000
Investment Committee Member
$225,000
Nominating and Governance Chair
$20,000 additional
Nominating and Governance Member
$15,000 additional