Total System Services, Inc. Non-Employee Director Compensation Policy (Effective May 2019)

Summary

This document outlines the compensation policy for non-employee directors of Total System Services, Inc., effective May 2019. Non-employee directors receive annual cash retainers for board and committee service, with additional amounts for committee chairs and the lead director. Directors also receive an annual equity award valued at $145,000, which can be taken as fully vested stock options, shares, or a combination. The policy specifies the exact amounts for each role and clarifies that committee chairs receive both member and chair retainers.

EX-10.1 2 tss-20190630ex101d544a8.htm EX-10.1 tss_Ex101

Exhibit 10.1 

Total System Services, Inc.

Board of Directors Compensation for Non-Employee Directors

(Effective May 2019)  

 

 

 

 

Cash Compensation

 

 

Annual Board Retainer

$

85,000

Annual Committee Member Retainers

 

 

Audit Committee

$

15,000

Compensation Committee

$

10,000

Technology Committee

$

10,000

Corporate Governance and Nominating Committee

$

7,500

Annual Committee Chair Retainers*

 

 

Audit Committee

$

15,000

Compensation Committee

$

10,000

Technology Committee

$

10,000

Corporate Governance and Nominating Committee

$

13,750

Annual Lead Director Retainer

$

22,500

 

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

Equity Compensation

Annual equity award with a fixed value of $145,000, awarded in the form of fully vested stock options or in the form of fully vested shares or any combination thereof at the director’s choice.