Non-Employee Director Compensation Summary
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Human Resources
- Compensation Agreements
EX-10.1 2 d37058exv10w1.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY exv10w1
Exhibit 10.1
Non-Employee Director Compensation Summary
For the 2006-2007 period, each non-employee director of Range Resources corporation (the “Company”), other than the Chairman of the Board of Directors (the“Board”), shall receive the following compensation.
1. Cash retainer fee of $40,000 per year, payable quarterly.
2. Meeting Fees of $1,000 for each Board meeting or meeting of a committee thereof, attended either in person or by telephone.
3. An award of 12,000 fully vested stock appreciation rights under the Company’s 2004 Non-Employee Director Stock Option Plan, at a price of $24.33 per share.
4. A grant of 2,500 fully vested unregistered deferred shares of common stock, at a price of $24.33 per share, to be placed in such director’s account under the Company’s Deferred Compensation Plan for Directors and Select Employees.
For the 2006-2007 period, the non-employee Chairman of the Board Shall receive the following compensation:
1. Cash retainer and fee of $135,000 per year payable quarterly in cash.
2. Meeting Fees of $1,000 for each Board meeting or meeting of a committee thereof, attended either in person or by telephone.
3. An award of 12,000 fully vested stock appreciation rights under the Company’s 2004 Non-Employee Director Stock Option Plan at a price of $24.33 per share.
4. A grant of 2,500 fully vested unregistered deferred shares of common stock, at a price of $24.33 per share, to be placed in such director’s account under the Company’s Deferred Compensation Plan for Directors and Select Employees.
