PVR GP, LLC Non-Employee DirectorCompensation Summary Sheet for 2014
EX-10.19 2 d653394dex1019.htm EX-10.19 EX-10.19
Exhibit 10.19
PVR GP, LLC
Non-Employee Director Compensation Summary Sheet for 2014
Directors who are employees of PVR GP, LLC or its affiliates receive no additional compensation for service on the general partner’s board of directors or any committees of the board. The table below summarizes the 2014 compensation program for the non-employee directors of PVR GP, LLC, effective January 1, 2014.
2014 Non-Employee Director Compensation Summary
Component | Amount | Medium of Payment | Timing of Payment | |||||||
Non-Employee Director Annual Retainer | $ | 150,000 per year | Cash | $ | 37,500 paid quarterly | |||||
Chairman of the Board Annual Retainer | $ | 125,000 per year | Cash | $ | 31,250 paid quarterly | |||||
Audit Committee Chair Annual Retainer | $ | 15,000 per year | Cash | $ | 3,750 paid quarterly | |||||
Compensation and Benefits Chair Annual Retainer | $ | 15,000 per year | Cash | $ | 3,750 paid quarterly | |||||
Nominating and Governance Chair Annual Retainer | $ | 6,000 per year | Cash | $ | 1,500 paid quarterly | |||||
Board Meeting Fee | $ | 2,000 per meeting | Cash | Paid quarterly |