Summary of Non-Management Director Compensation as of February 24, 2012
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Summary
This document outlines the compensation structure for non-management directors of the company as of February 24, 2012. It details annual retainers, committee fees, and additional meeting fees, which can be paid in cash or stock at the director's choice, distributed quarterly. Directors are also reimbursed for reasonable and actual travel expenses. The compensation varies based on roles such as lead director or committee chair, and for participation in specific committees.
EX-10.17 4 ex-1017.htm Ex-10.17NonMgmtDirectorComp
Exhibit 10.17
SUMMARY OF NON-MANAGEMENT DIRECTOR COMPENSATION
As of February 24, 2012
Function | Amount Paid | |||
Annual Stock Retainer | $ | 60,000 | ||
Annual Cash Retainer (1) | $ | 45,000 | ||
Lead Non-Management Director (1) | $ | 20,000 | ||
Audit Committee Member (1) | $ | 15,000 | ||
Audit Committee Chair (1) | $ | 10,000 | ||
Compensation Committee Member (1) | $ | 10,000 | ||
Compensation Committee Chair (1) | $ | 6,750 | ||
Nominating and Corporate Governance Committee Member (1) | $ | 10,000 | ||
Nominating and Corporate Governance Committee Chair (1) | $ | 5,000 | ||
Additional meeting fees (as approved by the Chairman) (1) | $1,500 (in person) $750 (telephonic) | |||
Meeting Travel Expenses - Cash Reimbursement | Reasonable and actual | |||
(1) Payable in cash or stock at the Director's election in quarterly increments.
