Quicksilver Gas Services GP LLC Non-Employee Director Compensation Description
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Summary
Quicksilver Gas Services GP LLC provides each of its non-employee directors with an annual compensation of $80,000. Half of this amount ($40,000) is paid in phantom units that convert to units under the company's 2007 Equity Plan. The other half is paid in cash, unless the director chooses to receive some or all of it in additional phantom units under the plan. This arrangement outlines the compensation structure and payment options for non-employee directors.
EX-10.14 2 d54291exv10w14.htm DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w14
Exhibit 10.14
QUICKSILVER GAS SERVICES GP LLC
Description of Non-Employee Director Compensation
Each non-employee director of Quicksilver Gas Services GP LLC receives an annual fee of $80,000. Each non-employee director is paid $40,000 of the annual fee in phantom units that settle in units under the Quicksilver Gas Services LP 2007 Equity Plan (the “Plan”). Each non-employee director is paid the remaining $40,000 of the annual fee in cash, unless the non-employee director makes an appropriate election under the Plan to receive some or all of the remaining $40,000 of the annual fee in phantom units that settle in units.
