DIRECTOR COMPENSATION
EX-10.36 7 d264660dex1036.htm DIRECTOR COMPENSATION PROGRAM CHART Director compensation program chart
Exhibit 10.36
DIRECTOR COMPENSATION
| All compensation values are in US $ | Proposed AFTER EMERGENCE | |||
| Board Service | ||||
| Annual Cash Retainer | $ | 75,000 | ||
| Board Meeting Fees | $ | 0 | ||
| Annual Equity Grant | $ | 75,000 | ||
| Chairman | $ | 150,000 | (additional) | |
| Audit Committee Service | ||||
| Chair Retainer | $ | 25,000 | ||
| Member Retainer | $ | 0 | ||
| Meeting Fee | $ | 0 | ||
| Other Committee Service | ||||
| Chair retainer | $ | 15,000 | ||
| Member Retainer | $ | 0 | ||
| Meeting Fee | $ | 0 | ||
| Total Direct Compensation Simulations | ||||
| Typical Director | $ | 150,000 | ||
| Typical Committee Chair | $ | 165,000 | ||
| Typical Audit Committee Chair | $ | 175,000 | ||
| Share Ownership guideline | 3 X Annual Cash Retainer, to be calculated at market value at time of testing.
Shares owned, unvested RSUs, and DSUs to count toward compliance
Requirement to hold on to shares received until target is met:
• Vested RSUs settled in shares (net shares)
• Shares equivalent to 50% of gain realized on exercised options |
