Board Compensation Summary Sheet

Contract Categories: Human Resources - Compensation Agreements
EX-10.14 5 exh1014boardcompensationsu.htm EX-10.14 Document

Exhibit 10.14

Summary Sheet as of December 10, 2020

On December 10, 2020, the Board of Directors approved the following compensation for non-employee directors, effective in 2021:

Board member annual retainer – $70,000
Annual equity compensation – $130,000, using a date of grant share price as the basis for awards, with a minimum vesting period of one year
Independent Chairman of the Board – annual retainer of $125,000, to be paid in cash and/or equity, as selected by the Chair
Chairs of the Audit Committee and Human Resources Committee – annual retainer of $20,000
Chairs of Corporate Governance and Risk Committee and Finance and Risk Committee – annual retainer of $15,000
Board meeting fee – $2,000 for each meeting attended
Committee members – $2,000 for each meeting attended
Ad hoc or special assignment work performed for or at the request of the Chairman or Chief Executive Officer and President – $2,000 per day