SUMMARY OF COMPENSATION FOR THE BOARD OF TRUSTEES OF RAMCO-GERSHENSON PROPERTIES TRUSTThe following table sets forth the compensation program for non-employee Trustees:Annual cash retainer (1)$30,000 Additional cash retainer:Chairman100,000 Audit Committee chair7,500 Compensation Committee chair5,000 Nominating and Governance Committee chair5,000 Executive Committee chair2,500 Executive Committee members Annual equity retainer (value of restricted shares) (2)50,000

EX-10.9 3 rpt_12312013xex109.htm EXHIBIT 10.9 RPT_12.31.2013_EX 10.9

Exhibit 10.9



SUMMARY OF COMPENSATION FOR
THE BOARD OF TRUSTEES OF
RAMCO-GERSHENSON PROPERTIES TRUST


The following table sets forth the compensation program for non-employee Trustees:


Annual cash retainer ⁽¹⁾		$	30,000
Additional cash retainer:
	Chairman	100,000
	Audit Committee chair	7,500
	Compensation Committee chair	5,000
	Nominating and Governance Committee chair	5,000
	Executive Committee chair	2,500
	Executive Committee members	—

Annual equity retainer (value of restricted shares) ⁽²⁾		50,000


⁽¹⁾	The annual cash retainer is equal to $80,000 less the grant date fair value, which approximates $50,000, of the restricted shares granted in the applicable year.


⁽²⁾	Grants are made under the Trust's 2012 LTIP. The restricted shares vest over one year. The grant is made on July 1st or, if not a business day, the business day prior to July 1st. During 2013, 3,211 shares were granter per Trustee.

The Trust also reimburses all Trustees for all expenses incurred in connection with attending any meetings or performing their duties as Trustees.