Director Compensation Summary for Non-Employee Directors of General Partner
This document outlines the compensation policy for non-employee directors of the General Partner. Non-employee directors receive reimbursement for travel, lodging, and other expenses related to board service, including continuing education. Annual retainers are set at $50,000 for regular non-employee directors, $60,000 for the chairman of the Audit and Conflicts Committee, and $300,000 for the chairman of the Board, paid monthly. Directors who are officers or full-time employees of DFI, EPCO, the General Partner, or their affiliates do not receive compensation for board service.
Exhibit 10.55
Director Compensation Summary
Each non-employee director of our General Partner is reimbursed for any travel, lodging and other out-of-pocket expenses related to meeting attendance or otherwise related to service on the board (including, without limitation, reimbursement for continuing education expenses). Each non-employee director who is not the chairman of a committee receives an annual retainer of $50,000. The chairman of the Audit and Conflicts Committee receives an annual retainer of $60,000, and the chairman of the Board receives an annual retainer of $300,000. One twelfth of each of these annual retainers is paid on a monthly basis to the appropriate board member. Directors who are either officers or full-time employees of DFI, EPCO, or the General Partner or any of their affiliates are not compensated for their services as directors.
