Quicksilver Resources Inc. Non-Employee Director Compensation Description (2009)
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Summary
Quicksilver Resources Inc. outlines its compensation plan for non-employee directors starting in 2009. Each non-employee director receives an annual fee of $205,000, paid in a combination of restricted stock, stock options, and cash. Specifically, $49,500 is paid in restricted stock, $49,500 in stock options, and the remaining $106,000 in cash unless the director chooses to receive more of the fee in stock or options under the company's equity plan.
EX-10.11 12 ex10_11.htm DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION FOR QUICKSILVER RESOURCES INC. ex10_11.htm
Exhibit 10.11
QUICKSILVER RESOURCES INC.
Description of Non-Employee Director Compensation
Beginning in 2009, each non-employee director of Quicksilver Resources Inc. receives an annual fee of $205,000. Each non-employee director is paid $49,500 of the annual fee in restricted stock under the Quicksilver Resources Inc. Second Amended and Restated 2006 Equity Plan (the “Plan”) and $49,500 of the annual fee in options to purchase common stock under 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.
