Skyworks Solutions, Inc. Cash Compensation Plan for Non-Employee Directors
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Summary
Skyworks Solutions, Inc. has established a compensation plan for its non-employee directors. Under this plan, non-employee directors receive an annual retainer of $90,000, with additional payments for serving as Chairman or on specific board committees. These payments are made quarterly. The Compensation Committee may also recommend extra payments for extraordinary service. This plan outlines the structure and amounts of cash compensation for directors who are not company employees.
EX-10.1 2 exhibit101-directorcashcom.htm EX-10.1 Document
Exhibit 10.1
Skyworks Solutions, Inc.
Cash Compensation Plan for Directors
Directors who are not employees of Skyworks Solutions, Inc. (the “Company”), are paid an annual retainer of $90,000. Additional annual retainers are paid to any non-employee Chairman of the Board ($130,000); the Lead Independent Director, if one has been appointed ($50,000); the Chairman of the Audit Committee ($30,000); the Chairman of the Compensation Committee ($20,000); and the Chairman of the Nominating and Governance Committee ($15,000). Additional annual retainers are also paid to directors who serve on committees in roles other than as Chairman as follows: Audit Committee ($15,000); Compensation Committee ($10,000); and Nominating and Corporate Governance Committee ($7,500). All retainers are paid in quarterly installments. In addition, the Compensation Committee retains discretion to recommend to the full Board of Directors that additional cash payments be made to a non-employee director(s) for extraordinary service during a fiscal year.
