Summary of Director Compensation

EX-10.2 3 a18-14406_1ex10d2.htm EX-10.2

Exhibit 10.2

 

TRAVELCENTERS OF AMERICA LLC

 

Summary of Director Compensation

 

Annual Retainer for Independent Directors:

 

$50,000

 

 

 

Meeting Fees for Independent Directors:

 

$1,250 for each meeting attended. Up to two $1,250 fees are paid if a Board meeting and one or more Board committee meetings, or two or more Board committee meetings, are held on the same date

 

 

 

Share Grants for all Directors:

 

10,000 annually to be granted on the day of the first board meeting following the Annual Meeting of Shareholders (or, for Directors who are first elected or appointed at other times, on the day of the first board meeting attended)

 

 

 

Chair of the Audit Committee:

 

$20,000 per year

 

 

 

Chair of the Nominating and Governance Committee:

 

$10,000 per year

 

 

 

Chair of the Compensation Committee:

 

$10,000 per year

 

 

 

Board Liaison to the Gaming Compliance Committee

 

$10,000 per year

 

The Company generally reimburses all Directors for travel expenses incurred in connection with their duties as Directors and for out of pocket costs incurred in connection with their attending certain continuing education programs.