Directors Compensation Summary Sheet for Independent Directors

Summary

This document outlines the compensation structure for independent directors serving on the board. Independent directors receive an annual cash retainer of $130,000, with additional annual retainers for committee chairs: $15,000 for the Audit Committee, and $10,000 each for the Compensation and Nominating and Corporate Governance Committees. Directors also earn $2,000 for each board meeting attended and $1,500 for each committee meeting attended. Payments are made quarterly, within 45 days after each quarter ends.

EX-10.25 3 ryi-ex1025_196.htm EX-10.25 DIRECTORS COMPENSATION SUMMARY SHEET ryi-ex1025_196.htm

 

 

DIRECTORS COMPENSATION SUMMARY SHEET

Exhibit 10.25

 

 

 

Independent directors receive compensation for board service, paid in arrears on a quarterly basis within 45 days of the end of each quarter.  The compensation consists of an annual cash retainer, additional annual cash retainers for committee chairs and fees for meeting attendance, as follows:

 

Annual cash retainers

 

Each director

$130,000

 

 

Committee Chairs (in addition to regular director retainer)

 

Audit Committee

$15,000

Compensation Committee

$10,000

Nominating and Corporate Governance Committee

$10,000

 

 

Meeting attendance fees

 

Board Meetings

$2,000 per meeting

Committee Meetings (paid to committee members only)

$1,500 per meeting