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. Board members receive a $100,000 annual retainer, while the chairman receives $180,000. Additional retainers are provided for committee chairs, ranging from $10,000 to $25,000 depending on the committee. Board members and the chairman also receive stock grants valued at $140,000 and $240,000 respectively, with the number of shares determined by the fair market value on the grant date.

Read More Arrow
EX-10.23 2 a201610-kex1023.htm EXHIBIT 10.23 Exhibit


Exhibit 10.23
Directors’ Compensation Summary Sheet
 
Board
 
Chairman of
 
Members
 
the Board
Annual Retainer
$
100,000

 
$
180,000

 
 
 
 
Committee Chairs
 
 
 
Audit Committee
$
25,000

 
 
Compensation Committee
$
15,000

 
 
Nominating & Governance Committee
$
15,000

 
 
FIRM Committee
$
15,000

 
 
Deals Subgroup Committee Retainer
$
10,000

 
 
Technology Subgroup Committee Retainer
$
10,000

 
 
 
 
 
 
Stock Grants (1)
$
140,000

 
$
240,000


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