True Religion Apparel, Inc. Board of Directors Compensation Policy

Summary

This document outlines the compensation policy for non-employee directors of True Religion Apparel, Inc. Directors receive an annual cash retainer of $100,000, paid quarterly. Additional annual retainers are provided to the Board Lead Director ($100,000), Audit Committee Chair ($15,000), and Compensation Committee Chair ($15,000). Non-employee directors also receive an annual grant of restricted stock valued at $135,000, which vests in three equal installments over three years.

EX-10.11 2 a2207587zex-10_11.htm EX-10.11

Exhibit 10.11

 

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

 

 

 

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.