SUMMARY OF BOARD OF DIRECTOR COMPENSATION Board of Director Compensation

EX-10.(III) 2 dex10iii.htm SUMMARY OF BOARD OF DIRECTOR COMPENSATION Summary of Board of Director Compensation

Exhibit 10.iii.

SUMMARY OF BOARD OF DIRECTOR COMPENSATION

Board of Director Compensation

The Mosaic Company

Effective June 1, 2006

Non-Management Director Compensation

(Other than Non-Executive Chairman)

 

1. Annual Retainer — $75,000

 

2. Annual Committee Chair Retainer (Non-Audit) — $7,000

 

3. Annual Audit Committee Retainer

 

  a. Chairperson — $15,000

 

  b. Other Audit Committee Members — $5,000

 

4. Annual Equity Compensation Award — $65,000 value in restricted stock units

Non-Executive Chairman of the Board Compensation

 

1. Annual Retainer — $150,000

 

2. Annual Equity Compensation Award — $130,000 value in restricted stock units