RMR Mortgage Trust Trustee Compensation Summary
This document outlines the compensation structure for Trustees of RMR Mortgage Trust. Independent Trustees receive an annual fee of $30,000, with prorated amounts for new Trustees. Additional annual fees are provided to committee chairs: $7,500 for the Audit Committee, and $5,000 each for the Compensation and Nominating and Governance Committees, also prorated for new chairs. Trustees are reimbursed for travel and certain education-related expenses. The compensation terms may be changed at any time by the Board or its Compensation Committee.
Exhibit 10.1
RMR Mortgage Trust
Summary of Trustee Compensation
The following is a summary of the currently effective compensation of the Trustees of RMR Mortgage Trust (the “Company”) for services as Trustees, which is subject to modification at any time by the Board of Trustees (the “Board”) or the Compensation Committee of the Board, as applicable:
| · | Each Independent Trustee receives an annual fee of $30,000 for services as a Trustee. The annual fee for any new Independent Trustee is prorated for the initial year. |
| · | Each Independent Trustee who serves as a committee chair of the Board’s Audit Committee, Compensation Committee or Nominating and Governance Committee receives an additional annual fee of $7,500, $5,000 and $5,000, respectively. The committee chair fee for any new committee chair is prorated for the initial year. |
| · | The Company generally reimburses all Trustees for travel expenses incurred in connection with their duties as Trustees and for out of pocket costs incurred in connection with their attending certain continuing education programs. |
