Gaylord Entertainment Company Summary of Director Compensation (2007)
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Summary
Gaylord Entertainment Company outlines changes to how it compensates its non-employee directors, effective from the fourth quarter of 2007. Non-employee directors will receive $1,500 for each Board meeting they attend, including by phone, but not for committee meetings. The annual retainer for the Audit Committee Chair is increased to $20,000. These changes were approved by the Human Resources Committee of the Board.
EX-10.1 3 g10348exv10w1.htm EX-10.1 SUMMARY OF DIRECTOR COMPENSATION Ex-10.1
Exhibit 10.1
GAYLORD ENTERTAINMENT COMPANY (THE “COMPANY”)
SUMMARY OF DIRECTOR COMPENSATION
SUMMARY OF DIRECTOR COMPENSATION
In the third quarter of 2007, the Human Resources Committee of the Board of Directors of the Company approved certain changes to the compensation of non-employee directors. Effective in the fourth quarter of 2007, non-employee directors will be paid a fee of $1,500 per meeting for attendance at regular and special meetings of the Board of Directors, including telephonic attendance. The fee will not be paid for attendance at committee meetings. Additionally, the annual retainer for the Audit Committee Chair has been increased to $20,000.
