True Religion Apparel, Inc. Board of Directors Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation policy for non-employee directors of True Religion Apparel, Inc. Directors receive an annual retainer of $100,000, with additional retainers for serving as Board Lead Director or as chairs of the Audit or Compensation Committees. Directors serving on special committees receive $30,000 per month while the company pursues strategic alternatives. Each director also receives an annual grant of restricted stock valued at $135,000, vesting over three years.

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EX-10.9 2 a2213153zex-10_9.htm EX-10.9
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Exhibit 10.9


TRUE RELIGION APPAREL, INC.

BOARD OF DIRECTORS COMPENSATION

        The following table sets forth the Company's current compensation arrangements with its non-employee directors.

Annual Retainer:   $25,000 per calendar quarter ($100,000 annually)

Committee Chairs:
 
Board Lead Director—Annual Retainer of $100,000
Audit Committee—Annual Retainer of $15,000
Compensation Committee—Annual Retainer of $15,000

Special Committee Service:
 
$30,000 per month so long as the Company continues to pursue strategic alternatives.

Restricted Stock Grant:
 
Annual grant of restricted shares with an aggregate market value of $135,000 on the date of grant, to vest in three equal annual installments on the anniversary of the grant date.


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    Exhibit 10.9
TRUE RELIGION APPAREL, INC. BOARD OF DIRECTORS COMPENSATION