Rockwell Collins, Inc. Non-Employee Director Compensation Summary Effective August 1, 2014

Contract Categories: Human Resources › Compensation Agreements
EX-10.S-1 3 col_exhibitx10-sx1x9302014.htm NON-EMPLOYEE DIRECTOR'S COMPENSATION SUMMARY COL_Exhibit_10-S-1_9.30.2014


Exhibit 10-s-1

Rockwell Collins, Inc.
Non-Employee Director Compensation Summary
Effective August 1, 2014

Initial Election to Board
•
Granted restricted stock units (“RSUs”) with a value equal to:
◦
$100,000 plus
◦
$110,000 multiplied by a fraction where the numerator is the number of days until the next Annual Meeting of Shareowners and the denominator is 365.
Annual Retainer
•
$100,000 payable in equal quarterly installments at the beginning of each quarter.
Annual Equity Grant
•
At each Annual Meeting of Shareowners, granted RSUs with a value of $110,000.
Annual Committee Chair Fees
•
Audit - $20,000
•
Compensation - $15,000
•
Nominating and Governance - $10,000
•
Technology - $10,000
•
All chair fees are payable in equal quarterly installments at the beginning of each quarter.
Annual Non-Executive Chairman Fees
•
Additional cash retainer of $50,000, payable in equal quarterly installments at the beginning of each quarter.
•
Additional equity grant of RSUs at each Annual Meeting of Shareowners with a value of $50,000.
Annual Audit Committee Fees
•
Each Audit Committee member, other than the Chair, receives $5,000, payable in equal quarterly installments at the beginning of each quarter.
Annual Deferral Opportunity
•
Prior to the start of each calendar year, a non-employee director may elect to defer all or a portion of his or her cash fees by electing to receive RSUs in lieu thereof.

* All annual amounts may be prorated for service periods of less than a year.