Summary of Director Compensation for Fiscal 2014 – Tredegar Corporation

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee members of Tredegar Corporation’s Board of Directors for fiscal year 2014. It details annual retainers for directors and committee members, specifying amounts for roles such as Chairman, committee chairs, and members. Compensation is paid quarterly, with a portion in cash and a portion as stock awards based on the company’s share price at the time of grant. The agreement ensures transparency in director pay and clarifies the method and timing of compensation.

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EX-10.21 2 tg-ex1021_20141231x10k.htm EXHIBIT 10.21 TG-EX10.21_201412.31-10K


Exhibit 10.21
Summary of Director Compensation for Fiscal 2014
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

Strategic Finance Committee Chairperson
$
11,000

Non-Chair Member of the Strategic Finance Committee Committee
$
7,000

Member of the Investment Policy Committee
$
625

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.