Royal Caribbean Cruises Ltd. Board of Directors Compensation Schedule
This document outlines the compensation structure for the Board of Directors of Royal Caribbean Cruises Ltd. Non-employee directors receive annual cash retainers, additional fees for committee roles and meeting attendance, and may be granted annual equity awards consisting of restricted stock units and stock options. Directors are also eligible for certain cruise benefits as per company policy. The compensation amounts and structure are determined by the Board and may be adjusted at its discretion.
Exhibit 10.39
ROYAL CARIBBEAN CRUISES LTD.
CURRENT BOARD OF DIRECTOR COMPENSATION SCHEDULE
| Cash Compensation | Annual | ||
| Annual Retainer | $ | 50,000 | |
| Audit Committee Chairman Retainer | $ | 30,000 | |
| Audit Committee Member Retainer | $ | 15,000 | |
| Compensation Committee Chairman Retainer | $ | 15,000 | |
| Committee Chairman Retainer (All Other Committees) | $ | 6,000 | |
| Committee Member Retainer (All Other Committees) | $ | 5,000 | |
| Board Per Meeting Fees | $ | 1,200 | |
| Committee Per Meeting Fees (All Committees) | $ | 1,200 | |
At the discretion of the Board, each non-employee director is eligible to receive an annual grant of equity awards with an aggregate value on the date of grant equal to $90,000. Two-thirds of this annual grant is awarded in the form of restricted stock units and one-third is awarded in the form of options to purchase the Company’s common stock.
The Company provides Board members with certain cruise benefits in accordance with the Company’s Board Member Cruise Policy.
