Regal Entertainment Group Director Compensation Arrangements Summary
This document outlines the compensation policy for directors of Regal Entertainment Group. Employee directors receive no extra pay for board service, while non-employee directors are paid an annual cash retainer of $40,000 and receive restricted stock valued at $85,000, which vests after one year. Audit Committee members receive additional cash retainers: $10,000 for the Chairman and $5,000 for other members. All directors are reimbursed for reasonable expenses related to board meetings. No extra compensation is provided for service on other board committees.
Exhibit 10.2
REGAL ENTERTAINMENT GROUP
SUMMARY OF
DIRECTOR COMPENSATION ARRANGMENTS
Directors who are employees of Regal Entertainment Group or its subsidiaries receive no additional cash or equity compensation for service on the Regal Entertainment Group Board of Directors. All Directors are reimbursed for reasonable out-of-pocket expenses related to attendance at Board of Director and Board of Director committee meetings. Unless otherwise waived by the Directors, Directors who are not employees of Regal Entertainment Group also receive an annual cash retainer for Board of Director service of $40,000 and a grant of restricted class A common stock having, at the time of grant, a fair market value of $85,000. The shares of restricted stock vest on the first anniversary of the date of grant.
The Chairman of the Audit Committee of the Company’s Board of Directors shall receive an additional $10,000 annual cash retainer and the other Directors who serve on the Audit Committee shall receive an additional $5,000 annual cash retainer for service on the Audit Committee. Directors do not receive additional cash or equity compensation for service on any other committees of the Board of Directors.
