Summary of Rex Energy Corporation Non-Employee Director Compensation Program
Rex Energy Corporation provides its non-employee directors with a monthly cash retainer of $6,000, replacing all other director fees. Additionally, each non-employee director is eligible for annual equity grants, which may include stock options, performance grants, or restricted stock, with an average annual value of $50,000 at target performance. This program outlines the compensation structure for non-employee members of the company's board of directors.
Exhibit 10.9
Summary of Non-Employee Director Compensation
Each non-employee director receives a monthly cash retainer in the amount of $6,000 per month in lieu of all other non-employee director fees pursuant to the Company’s director compensation plan. The director compensation plan provides that each non-employee director is eligible to receive annual equity grants consisting of stock options, performance grants or restricted stock that will result in an average $50,000 expense to the Company per year at target performance levels.
