Triumph Group, Inc. Non-Employee Director Compensation Program (Effective July 21, 2016)
This agreement outlines the compensation program for non-employee directors of Triumph Group, Inc., effective July 21, 2016. It specifies annual retainers, additional fees for committee chairs and the lead director, and an annual equity award in the form of restricted stock units. Directors may defer their compensation and equity awards under the company's Deferred Compensation Plan. The program was ratified and affirmed on November 10, 2016.
Exhibit 10.1
TRIUMPH GROUP, INC.
NOMINATING AND CORPORATE GOVERNANCE COMMITTEE MEETING
Non-employee Director Compensation Program
Effective July 21, 2016
| Annual |
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| Retainer for |
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| each |
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| Non-employee |
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| Additional |
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| Annual |
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| Board |
| Additional Retainer for |
| Retainer for |
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| Telephonic |
| Equity Award |
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| Member (1) |
| Committee Chairs |
| Lead Director |
| Meeting Fees |
| Meeting Fees |
| (1) |
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| $ | 85,000 |
| Audit |
| $ | 15,000 |
| $ | 100,000 |
| N/A |
| N/A |
| Restricted |
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| Comp. |
| $ | 10,000 |
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| Stock Units |
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| N&CG |
| $ | 7,500 |
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| with a grant |
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| Finance |
| $ | 5,000 |
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| date value of |
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| Other |
| $ | 5,000 |
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| approximately |
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| $ 140,000 |
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(1) Each non-employee director can defer all or a portion of his or her annual retainer fees and/or annual equity award pursuant to the Directors’ Deferred Compensation Plan.
Ratified and affirmed: November 10, 2016
