Annual Director Compensation

EX-10.11 2 a2014exhibit1011-annualdir.htm SUMMARY OF DIRECTOR COMPENSATION Wdesk | 2014 Exhibit1011-AnnualDirectorComp
Exhibit 10.11


Annual Director Compensation
Annual Retainers:
Each non-employee director:
$
50,000

Chairman of the Board
125,000

Chairperson of the Audit Committee:
16,000

Other Audit Committee Members:
9,000

Chairperson of the Compensation Committee:
12,000

Other Compensation Committee Members:
6,000

Chairperson of the Nominating/Corporate Governance Committee:
8,000

Other Nominating/Corporate Governance Committee Members:
6,000

Chairperson of the Finance Committee:
8,000

Other Finance Committee Members:
6,000


All retainers are payable in cash, in four equal installments on the first day of each fiscal quarter.

Meeting Fees:
Non-employee directors each receive $2,500 for each Board of Directors meeting attended in person and are reimbursed for their expenses in attending such meetings.

Equity Award:
Annually, each director shall receive a deferred stock award pursuant to the 2006 Long-Term Incentive Plan, consisting of the right to receive shares of Rent-A-Center common stock. The award shall be valued at $100,000 and be fully vested upon issuance. The shares covered by the award will be issued upon the termination of the director’s service as a member of the Board.