Compensation Policy for Non-Employee Directors
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.3 3 ef20015295_ex10-3.htm EXHIBIT 10.3
Exhibit 10.3
Compensation Policy for Non-Employee Directors
| Compensation Element | Compensation |
| | |
| Board Annual Cash Retainer | $35,000 |
| | |
| Initial Equity Award (for new directors) | $360,000 (2x Annual) |
| | |
| Annual RSU Award | $180,000 |
| | |
| Total Board Comp (Sum of: Annual Cash Retainer + Annual Equity Award) | $215,000 |
| | |
| Audit Committee Chair Audit Committee Member | $20,000 $10,000 |
| | |
| Comp Committee Chair Comp Committee Member | $15,000 $7,500 |
| | |
| Nom/Gov. or other Committee Chair Nom/Gov. or other Committee Member | $7,500 $3,000 |
| | |
| Additional Premium for Board Chair | $75,000 |
| | |
| Stock Ownership Guidelines | 4x annual cash retainer Time to achieve: 5 years |
