PVR GP, LLC 2014 Non-Employee Director Compensation Summary
This document outlines the 2014 compensation program for non-employee directors of PVR GP, LLC. Non-employee directors receive annual retainers and meeting fees, paid quarterly in cash, for their service on the board and its committees. Employees of PVR GP, LLC or its affiliates do not receive additional compensation for board service. The summary specifies the amounts paid for board membership, chairing the board, and chairing various committees.
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 | ||||||
