PHILLIPS-VAN HEUSEN CORPORATION SCHEDULE OF NON-MANAGEMENT DIRECTORS FEES EFFECTIVE JUNE 25, 2009
Exhibit 10.5
PHILLIPS-VAN HEUSEN CORPORATION
SCHEDULE OF NON-MANAGEMENT DIRECTORS’ FEES
EFFECTIVE JUNE 25, 2009
BOARD
Annual retainer | $40,000 | |
Meeting fee | $2,000 | If attended in person Plus expenses |
$1,000 | If telephonic or director participates by phone | |
Equity Award – Restricted Stock Units | $100,000 | This award is targeted to equal the number of restricted stock units with a value of approximately $100,000 as of the date of grant and with rounding to a number of restricted stock units that is divisible by four (to reflect the four vesting dates of the award). |
Presiding director fee | $15,000 |
AUDIT COMMITTEE
Fee to chair | $10,000 | |
Meeting fee | $2,500 | If attended in person Plus expenses |
$1,250 | If telephonic or director participates by phone |
COMPENSATION COMMITTEE
Fee to chair | $5,000 | |
Meeting fee | $1,500 | If attended in person Plus expenses |
$750 | If telephonic or director participates by phone |
NOMINATING & GOVERNANCE COMMITTEE
Fee to chair | $5,000 | |
Meeting fee | $1,500 | If attended in person Plus expenses |
$750 | If telephonic or director participates by phone |
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
Fee to chair | $5,000 | |
Meeting fee | $1,500 | If attended in person Plus expenses |
$750 | If telephonic or director participates by phone |
