Southcross Energy Partners GP, LLC Non-Employee Director Compensation Arrangement
Exhibit 10.12
Southcross Energy Partners GP, LLC
Non-Employee Director Compensation Arrangement
Directors of Southcross Energy Partners GP, LLC who are not officers, employees or paid consultants are entitled to be paid the following (pro-rated for time served):
1. An annual retainer of $50,000, to be paid quarterly in arrears;
2. An annual retainer of $10,000 for the Chairperson of the Audit Committee, to be paid quarterly in arrears;
3. An annual retainer of $5,000 for the Chairperson of the Compensation Committee of the Board, to be paid quarterly in arrears;
4. An annual retainer of $2,500 for the Chairperson of the Conflicts Committee of the Board, to be paid quarterly in arrears;
5. $1,500 for each Board meeting attended (whether in person or telephonically);
6. $1,200 for each Committee (Audit, Compensation or Conflicts) meeting attended (whether attended in person or telephonically);
7. A per diem amount for assistance with special projects, in an amount commensurate with the amount payable for attendance at Board or Committee meetings; and
8. An annual equity grant of common units of Southcross Energy Partners, L.P. (the Partnership) pursuant to the Partnerships 2012 Long-Term Incentive Plan equivalent to $75,000 divided by the average of the closing daily sales price of the Partnerships common units for the ten trading days immediately prior to April 1 of each year.