SEARS HOLDINGS CORPORATION Director Compensation Program Effective as of March 24, 2005
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Human Resources
- Compensation Agreements
EX-10.B 3 c98500exv10wb.htm DIRECTOR COMPENSATION PROGRAM exv10wb
Exhibit 10(b)
SEARS HOLDINGS CORPORATION
Director Compensation Program
Effective as of March 24, 2005
Effective as of March 24, 2005
| • | Only non-employee directors will be compensated for serving as directors of the Company | |
| • | Each non-employee director will receive an annual cash retainer of $40,000 | |
| • | The chairperson of the Audit Committee of the Board of Directors will receive an additional annual cash retainer of $10,000 | |
| • | No other director will receive additional compensation for Board service | |
| • | All directors will be reimbursed for out-of-pocket expenses incurred to attend meetings of the Board of Directors and committees of the Board of Directors |
