Board of Directors Compensation Schedule for May 2018–May 2019 Term
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Summary
This document outlines the compensation structure for the Board of Directors of an unspecified company for the term from May 2018 to May 2019. It details the total compensation amounts for various board and committee roles, including Chairperson, committee chairs, and members. Additional pay is specified for roles on the Nominating & Governance Committee. New directors receive compensation based on the lowest committee member rate, prorated for their term. The Chairperson does not receive extra pay for committee assignments except as Nominating & Governance Committee Chair.
EX-10.57 7 pgr-20181231exhibit1057.htm EXHIBIT 10.57 Exhibit
Exhibit 10.57
Board of Directors' Compensation
Director compensation for the May 2018 to May 2019 term:
Board/Committee Role | Total Comp May 2018 to May 2019 |
Chairperson (1) | $420,000 |
Audit Committee Chair | $295,000 |
Audit Committee Member | $270,000 |
Compensation Committee Chair | $285,000 |
Compensation Committee Member | $260,000 |
Investment & Capital Committee Chair | $285,000 |
Investment & Capital Committee Member | $260,000 |
New Director (2) | $260,000 |
Additional Pay | |
Nominating & Governance Committee Chair | $20,000 |
Nominating & Governance Committee Member | $15,000 |
(1) The Chairperson will not receive compensation for committee assignments except as Nominating & Governance Committee Chair.
(2) Compensation for new Directors that have not received a committee assignment is based upon the lowest paying Committee Member role, and prorated based on length of tenure remaining in the term.
