Summary of Director Compensation for Fiscal 2015 – Tredegar Corporation
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Summary
This document outlines the compensation structure for non-employee members of Tredegar Corporation's Board of Directors for fiscal year 2015. Directors receive annual retainers, paid quarterly, with specific amounts for general board service and additional amounts for serving as chair or member of various board committees. Compensation is split between cash and stock awards, with the value of stock awards based on the market price at the time of grant. The agreement details the amounts paid for each role and committee position.
EX-10.15 2 tg-ex1021_20151231x10k.htm EXHIBIT 10.15 Exhibit
Exhibit 10.15
Summary of Director Compensation for Fiscal 2015
Each member of the Board of Directors who is not an employee of Tredegar or any of its subsidiaries receives the following annual retainers, payable in equal quarterly installments in arrears:
Non-Employee Director | $ | 113,000 | |
Chairman of the Board | $ | 65,000 | |
Audit Committee Chairperson | $ | 16,000 | |
Non-Chair Member of the Audit Committee | $ | 9,500 | |
Executive Compensation Committee Chairperson | $ | 11,000 | |
Non-Chair Member of the Executive Compensation Committee | $ | 7,000 | |
Nominating and Governance Committee Chairperson | $ | 7,500 | |
Non-Chair Member of the Nominating and Governance Committee | $ | 4,500 | |
Executive Committee Chairperson | $ | 9,000 | |
Non-Chair Member of the Executive Committee | $ | 4,500 | |
The retainer paid to non-employee directors is paid in cash of $56,500 and in the form of a stock award of $56,500. The retainer paid to the Chairman of the Board is paid in cash of $32,500 and in the form of a stock award of $32,500. The stock award is determined based on the closing price of Tredegar common stock as reported on the New York Stock Exchange composite on the date of grant.
