Directors’ Compensation Summary Sheet for Board Members and Chairman

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for members of the board of directors and the chairman. It specifies annual retainers, additional payments for serving as committee chairs, and stock grants based on fair market value at the time of issuance. The chairman receives higher compensation than other board members. The agreement also details extra retainers for specific subgroups and the value of stock grants awarded to both board members and the chairman.

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EX-10.23 8 a201710-kex1023.htm EXHIBIT 10.23 Exhibit


Exhibit 10.23
Directors’ Compensation Summary Sheet
 
Board
 
Chairman of
 
Members
 
the Board
Annual Retainer
$
115,000

 
$
215,000

 
 
 
 
Committee Chairs
 
 
 
Audit Committee
$
27,500

 
 
Compensation Committee
$
22,500

 
 
Nominating & Governance Committee
$
22,500

 
 
FIRM Committee
$
22,500

 
 
Deals Subgroup Committee Retainer
$
10,000

 
 
Technology Subgroup Committee Retainer
$
10,000

 
 
 
 
 
 
Stock Grants (1)
$
150,000

 
$
280,000


(1) Number of shares issued based upon FMV on date of grant.