Independent Director Compensation Schedule
This document outlines the compensation structure for independent directors of a company. It specifies annual retainers for board and committee service, additional fees for attending meetings (both in-person and telephonic), and annual equity awards in the form of restricted share units. The compensation varies depending on the director's role, such as chairing a committee or simply being a member. The agreement ensures independent directors are compensated for their time and responsibilities, with clear amounts and conditions for each type of service.
Exhibit 10.1
Compensation for Independent Directors
| Annual Retainer |
| $ | 25,000 |
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| Annual Retainer – Chair of Audit Committee |
| $ | 10,000 |
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| Annual Retainer – Chair of Other Committees |
| $ | 7,500 |
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| Annual Retainer – Member of Committees |
| $ | 5,000 |
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| Attendance Fee for Each In-Person Board Meeting |
| $ | 1,500 |
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| Attendance Fee for Each Telephonic Board Meeting |
| $ | 750 |
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| Attendance Fee for Each In-Person Committee Meeting Not Held on the Same Day as a Board Meeting |
| $ | 1,500 |
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| Attendance Fee for Each Telephonic Committee Meeting Not Held on the Same Day as a Board Meeting |
| $ | 750 |
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| Annual Equity Award: Restricted Share Units in First Year of Service |
| 2,000 |
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| Annual Equity Award: Restricted Share Units in Subsequent Years of Service |
| 1,000 |
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