Shenandoah Telecommunications Company Non-Employee Director Compensation Policy
Shenandoah Telecommunications Company outlines its compensation policy for non-employee directors. Each director receives a monthly cash fee of $1,000, plus $1,000 for each board meeting attended. Committee members earn $200 for in-person committee meetings or $100 for participation by conference call, with committee chairs receiving an extra $100 per meeting. All fees are paid monthly in arrears. Additionally, directors are reimbursed for out-of-pocket expenses related to attending director education programs.
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 $1,000 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 Committee chairs are paid an additional fee of $100 for each committee meeting they attend. 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.
