Rockwell Collins, Inc. Non-Employee Director Compensation Summary Effective April 18, 2012
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.S-1 4 col_exhibitx10-sx1x6302012.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY COL_Exhibit_10-s-1_6.30.2012
Exhibit 10-s-1
Rockwell Collins, Inc.
Non-Employee Director Compensation Summary
Effective April 18, 2012
Initial Election to Board
• | Granted Restricted Stock Units under our 2006 Long-Term Incentives Plan (the “Plan”) 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 Restricted Stock Units under the Plan with a value of $110,000. |
Annual Committee Chair Fees
• | Audit - $10,000 |
• | Compensation - $10,000 |
• | Nominating and Governance - $5,000 |
• | Technology - $5,000 |
• | All chair fees are payable in equal quarterly installments at the beginning of each quarter. |
Annual Audit Committee Fees
• | Each Audit Committee member, other than the Chair, receives $5,000, which is 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 Restricted Stock Units in lieu thereof. |
