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

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Rockwell Collins, Inc. Effective August 1, 2014, directors receive an initial grant of restricted stock units (RSUs) upon joining the board, an annual cash retainer, and annual RSU grants. Additional fees are provided for committee chairs, the non-executive chairman, and audit committee members. Directors may also choose to defer their cash fees in exchange for RSUs. All payments are made quarterly, and amounts may be prorated for partial-year service.

Read More Arrow
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.