Quicksilver Resources Inc. Non-Employee Director Compensation Description (2006)
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
Quicksilver Resources Inc. outlines its compensation plan for non-employee directors starting in 2006. Each non-employee director receives an annual fee of $166,250, with $60,000 paid in restricted stock under the company's 2006 Equity Plan. The remaining $106,250 is paid in cash, unless the director chooses to receive $60,000 of that amount in restricted stock or stock options instead. This arrangement specifies how directors are compensated and the options available for receiving part of their compensation in equity.
EX-10.11 2 d44089exv10w11.htm DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w11
Exhibit 10.11
QUICKSILVER RESOURCES INC.
Description of Non-Employee Director Compensation
Description of Non-Employee Director Compensation
Beginning in 2006, each non-employee director of Quicksilver Resources Inc. receives an annual fee of $166,250. Each non-employee director is paid $60,000 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 $106,250 of the annual fee in cash, unless the non-employee director makes an appropriate election under the Plan, in which case the individual receives $60,000 of the remaining $106,250 of the annual fee in restricted stock or options to purchase common stock.
