Superior Well Services, Inc. Non-Employee Director Compensation Summary

Contract Categories: Human Resources › Compensation Agreements
Summary

Superior Well Services, Inc. outlines the compensation for its non-employee directors. Each director receives an annual cash retainer of $30,000, plus fees for attending board meetings—$1,500 for in-person attendance and $1,000 for telephonic participation. The chairman of the Audit Committee receives an additional $10,000 annually. Directors are also eligible for awards under the company's 2005 Stock Incentive Plan, which may include stock awards instead of cash payments.

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EX-10.30 2 l29850aexv10w30.htm EX-10.30 EX-10.30  

Exhibit 10.30
Superior Well Services, Inc. Non-Employee Director Compensation Summary
Each non-employee director receives the following compensation:
  •   an annual cash retainer fee of $30,000;
 
  •   a meeting fee of $1,500 for each Board meeting attended in person and $1000 for each Board or committee meeting held telephonically;
 
  •   an additional annual retainer of $10,000 for the chairman of the Audit Committee; and
 
  •   is eligible to receive awards under the Company’s 2005 Stock Incentive Plan, including stock awards in lieu of annual retainers and meeting fees.