Shenandoah Telecommunications Company Non-Employee Director Compensation Policy

Summary

Shenandoah Telecommunications Company outlines its compensation policy for non-employee directors. Each director receives a monthly cash fee of $1,000, plus $800 for each board meeting attended. Committee members are paid $200 for attending committee meetings in person or $100 for participating by conference call, unless the meeting coincides with a board meeting. All fees are paid monthly in arrears. Additionally, directors are reimbursed for out-of-pocket expenses related to attending director education programs.

EX-10.26 5 d62960_ex10-26.txt COMPENSATION FOR NON-EMPLOEEE DIRECTORS EXHIBIT 10.26 Shenandoah Telecommunications Company Compensation for Non-Employee Directors Monthly Fees Each director receives a cash fee of $1,000 per month. The Company pays its non-employee directors this fee in arrears on a monthly basis. Meeting Fees Each director receives a cash fee of $800 for each board of directors meeting attended. Committee members are paid cash fees of $200 for each committee meeting attended in person or $100 for each committee meeting in which they participate by conference call when such meetings are not held in conjunction with a board of directors meeting. The Company pays its non-employee directors these fees in arrears on a monthly basis. Expenses Directors are reimbursed for the out-of-pocket expenses they incur in attending director education programs.