Summary of Board of Directors Compensation

Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 snv_03312021xfilingxex101.htm EX-10.1 Document
Exhibit 10.1
Board of Directors Compensation
(Effective April 21, 2021)
Cash Compensation 
Annual Board Retainer$65,000 
Annual Board Committee Member Retainers: 
Audit Committee$15,000 
Compensation Committee$12,500 
Corporate Governance and Nominating Committee$10,000 
Risk Committee$15,000 
Annual Committee Chair Retainers:** 
Audit Committee$20,000 
Compensation Committee$17,500 
Corporate Governance and Nominating Committee$15,000 
Risk Committee $20,000 
Annual Lead Director Retainer$35,000 

** Note: The committee chair will receive both an annual committee member retainer and an annual committee chair retainer.

Equity Compensation 
An award of $100,000 in restricted stock units, which becomes fully vested and transferable upon the earlier to occur of the (x) completion of three years of service and (y) date the holder reaches retirement age pursuant to the Company’s Corporate Governance Guidelines.
Director Stock Purchase Plan 
Annual maximum company cash contribution per director participant to company-sponsored open market stock purchase plan, with company’s contribution equal to 15% of director participant’s cash contribution, subject to annual maximum contribution limit by director of $20,000$3,000