United States Lime & Minerals, Inc. Schedule of Non-Employee Director Compensation (Effective October 1, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation plan for directors of United States Lime & Minerals, Inc. who are not company employees. Non-employee directors receive an annual retainer of $15,000, plus fees for attending meetings ($1,000 per day in person, $500 by phone). Additional annual retainers are provided for chairing the Audit ($12,000) and Compensation ($5,000) Committees. Each non-employee director is also granted 2,000 stock options annually, exercisable immediately at the market price on the grant date, under the company's 2001 Long-Term Incentive Plan.

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EX-10.1 2 d28412exv10w1.htm SCHEDULE OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w1  

EXHIBIT 10.1
United States Lime & Minerals, Inc.
Schedule of Non-Employee Director Compensation
Effective October 1, 2005, compensation for Company directors who are not also employees will be:
         
Annual Retainer
   $ 15,000  
Daily Meeting Fee
     1,000  
Telephonic Meeting Fee
     500  
 
        
Additional Annual Retainers:
        
Audit Committee Chairman
     12,000  
Compensation Committee Chairman
     5,000  
Non-employee directors also will continue to be granted 2,000 ten-year stock options annually, on the date of election or reelection, under the Company’s 2001 Long-Term Incentive Plan. The stock options will be granted with an exercise price equal to the market price of the Company’s stock on the date of grant and will be exercisable immediately.