Range Resources Corporation Non-Employee Director Compensation Summary (2006-2007)

Summary

This document outlines the compensation for non-employee directors of Range Resources Corporation for the 2006-2007 period. Non-employee directors, except the Chairman, receive a $40,000 annual cash retainer, $1,000 per meeting attended, 12,000 stock appreciation rights, and 2,500 shares of restricted common stock. The non-employee Chairman receives a $135,000 annual cash retainer, the same meeting fees, and the same stock awards. All compensation is provided under the company's 2004 Non-Employee Director Stock Option Plan.

EX-10.1 2 d36621exv10w1.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.

4. A grant of 2,500 fully vested shares of restricted common stock under the Company’s 2004 Non-Employee Director Stock Option Plan.

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.

4. A grant of 2,500 fully vested shares of restricted common stock under the Company’s 2004 Non-Employee Director Stock Option Plan.