The Progressive Corporation Director Compensation Schedule (2013-2014)
Contract Categories:
Human Resources
›
Compensation Agreements
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 |