Skyworks Solutions, Inc. Cash Compensation Plan for Non-Employee Directors
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Summary
This agreement outlines the cash compensation plan for directors of Skyworks Solutions, Inc. who are not company employees. Non-employee directors receive an annual retainer of $70,000, with additional payments for serving as Chairman or committee members. Retainers are paid quarterly. The Compensation Committee may recommend extra payments for extraordinary service. If the Chairman is an employee, the Lead Independent Director receives the Chairman's retainer. The plan sets clear compensation terms for board service.
EX-10.3 4 ex103cashcompensationplanf.htm EXHIBIT 10.3 Exhibit
Exhibit 10.3
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 $70,000. Additional annual retainers are paid to the Chairman of the Board* ($50,000); the Chairman of the Audit Committee ($24,000); the Chairman of the Compensation Committee ($20,000); and the Chairman of the Nominating and Governance Committee ($10,000). Additional annual retainers are also paid to directors who serve on committees in roles other than as Chairman as follows: Audit Committee ($12,000); Compensation Committee ($10,000); and Nominating and Corporate Governance Committee ($5,000). 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.
* If the Chairman of the Board is an employee of the Company, the $50,000 retainer will be paid to the Lead Independent Director, if one has been appointed.
