Tredegar Corporation 2012 Non-Employee Director Compensation Summary
This document outlines the compensation structure for non-employee members of Tredegar Corporation's Board of Directors for fiscal year 2012. Non-employee directors receive annual retainers, paid quarterly, with specific amounts for serving as chair or member of various board committees. The standard director retainer is split equally between cash and stock awards, with the stock portion valued at the market price on the grant date. The agreement details the compensation amounts for each committee role and the method of payment.
Exhibit 10.25
Summary of Director Compensation for Fiscal 2012
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 | $ | 68,000 | ||
| Chairman of the Board | $ | 30,000 | ||
| 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 | ||
| Member of the Investment Policy Committee | $ | 625 |
The retainer paid to non-employee directors is paid $34,000 in cash and $34,000 in the form of a stock award. 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.
