Quicksilver Resources Inc. Non-Employee Director Compensation Description (2007)
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Summary
Quicksilver Resources Inc. outlines its compensation plan for non-employee directors starting in 2007. Each non-employee director receives an annual fee of $205,000, with $99,000 paid in restricted stock under the company's 2006 Equity Plan and $106,000 paid in cash. Directors may choose to receive some or all of the cash portion in restricted stock or stock options instead, by making an election under the Plan.
EX-10.6 2 d48957exv10w6.htm DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w6
Exhibit 10.6
QUICKSILVER RESOURCES INC.
Description of Non-Employee Director Compensation
Beginning in 2007, each non-employee director of Quicksilver Resources Inc. receives an annual fee of $205,000. Each non-employee director is paid $99,000 of the annual fee in restricted stock under the Quicksilver Resources Inc. 2006 Equity Plan (the “Plan”). Each non-employee director is paid the remaining $106,000 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 $106,000 of the annual fee in restricted stock or options to purchase common stock.
