REV Group, Inc. Non-Employee Director Compensation Policy
This document outlines the compensation policy for non-employee directors of REV Group, Inc. Outside directors receive an annual cash retainer and, if applicable, additional fees for serving as Board Chair, Lead Independent Director, or committee chairs or members. Compensation is paid quarterly. Directors also receive an annual grant of Restricted Stock Units valued at $110,000. The policy applies only to directors who are not employees of the company or certain affiliates and significant shareholders.
EXHIBIT 10.11
REV GROUP, INC. NON-EMPLOYEE DIRECTOR COMPENSATION
Compensation paid to outside directors only:
Quarterly payment in first month of each fiscal quarter:
$80,000 annual retainer fee
$80,000 annual independent Board Chair fee (if applicable)
$25,000 annual Lead Independent Director fee (if applicable)
$22,500 annual Audit Committee Chair fee
$20,000 annual Compensation Committee Chair fee
$15,000 annual Nominating and Corporate Governance Committee Chair fee
$7,500 annual committee membership fee for non-chairs
Our outside directors also currently receive an annual grant of Restricted Stock Units valued at $110,000.
Outside directors are members of our Board of Directors who are neither (i) employees of REV Group, Inc. (the “Company”), or an affiliate thereof, (ii) an employee of American Industrial Partners, or an affiliate thereof, nor (iii) an employee or affiliate of any entity that owns 2% or more of the Company’s issued and outstanding share capital.
