PVH Corp. Schedule of Non-Management Directors’ Fees Effective June 21, 2012
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Summary
This document outlines the compensation structure for non-management directors of PVH Corp. as of June 21, 2012. It specifies annual fees, equity awards, and committee retainers for board members, including additional compensation for committee chairs and the presiding director. Directors receive an annual cash fee, restricted stock units, and reimbursement for meeting-related expenses, but no per-meeting fees. All payments are made quarterly.
EX-10.1 2 ex10120122q10q.htm EXHIBIT 10.1 Ex10.1.2012.2Q.10Q
Exhibit 10.1
PVH CORP.
SCHEDULE OF NON-MANAGEMENT DIRECTORS’ FEES
EFFECTIVE JUNE 21, 2012
BOARD
Annual member fee | $70,000 | Retainer |
Meeting fee | $0 | |
Equity Award – Restricted Stock Units | $135,000 value | This award is targeted to equal the number of restricted stock units with a value of approximately $135,000 as of the date of grant. |
Presiding Director Fee | $30,000 | Retainer |
AUDIT COMMITTEE
Fee to chair | $35,000 | Retainer |
Fee to member | $20,000 | Retainer |
COMPENSATION COMMITTEE
Fee to chair | $30,000 | Retainer |
Fee to member | $15,000 | Retainer |
NOMINATING & GOVERNANCE COMMITTEE
Fee to chair | $20,000 | Retainer |
Fee to member | $10,000 | Retainer |
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
Fee to chair | $20,000 | Retainer |
Fee to member | $10,000 | Retainer |
Please note: There is no per-meeting fee as of June 21, 2012. Annual retainers will be paid quarterly.
All meeting-related expenses will be reimbursed to non-employee Directors.
