Trump Entertainment Resorts, Inc. Non-Employee Director Compensation Policy
Trump Entertainment Resorts, Inc. provides its non-employee directors with an annual retainer of $150,000, 10,000 shares of restricted stock, and reimbursement for reasonable expenses related to board and committee meetings. Starting May 1, 2006, non-employee directors receive an additional 5,000 shares of restricted stock each year. Additional annual payments are made to committee chairmen and members, including $50,000 for the Audit Committee Chairman, $25,000 for the Corporate Governance and Nominating and Compensation Committee Chairmen, $5,000 for other committee members, and $35,000 for the Presiding Director.
EXHIBIT 10.50
NON-EMPLOYEE DIRECTOR COMPENSATION
Our non-employee directors received an annual retainer of $150,000, 10,000 shares of restricted stock and reasonable and accountable out-of-pocket expenses incurred in connection with attending Board and committee meetings. Trump Entertainment Resorts, Inc.’s Board of Directors has established a policy that non-employee directors will receive an additional 5,000 shares of restricted stock each May 1st beginning in 2006. In addition, the Chairman of the Audit Committee receives an additional $50,000 and the Chairman of each of the Corporate Governance and Nominating Committee and the Compensation Committee receives an additional $25,000 per year. Each member of the Audit Committee and Compensation Committee, other than their respective Chairmen, receive an additional $5,000 per year. Our Presiding Director is paid an additional $35,000 annually.
