TravelCenters of America LLC Director Compensation Summary
This document outlines the compensation structure for directors of TravelCenters of America LLC. Independent directors receive an annual retainer of $35,000, meeting fees of $1,000 per day (up to $2,000 for multiple meetings in one day), and annual share grants of 9,000 shares. Additional annual fees are provided to chairs of the Audit ($17,500), Nominating and Governance ($7,500), and Compensation ($7,500) Committees. The company also reimburses directors for travel and certain education-related expenses.
Exhibit 10.1
TravelCenters of America LLC
Summary of Director Compensation
| Annual Retainer for Independent Directors: |
| $35,000 |
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| Meeting Fees for Independent Directors: |
| $1,000 per day per board or committee meeting, with a maximum fee of $2,000 for any one day with multiple board and committee meetings |
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| Share Grants for all Directors: |
| 9,000 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) |
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| Chair of the Audit Committee: |
| $17,500 per year |
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| Chair of the Nominating and Governance Committee: |
| $7,500 per year |
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| Chair of the Compensation Committee: |
| $7,500 per year |
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The Company generally reimburses all Directors for travel expenses incurred in connection with their duties as Directors and for out of pocket costs incurred from their attending certain continuing education programs.
