Universal Electronics Inc. 2013 Non-Employee Director Compensation Summary
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Summary
This document outlines the compensation structure for non-employee directors of Universal Electronics Inc. for 2013. Non-employee directors receive an annual retainer of $35,000, an annual share award of 5,000 shares (vesting quarterly), and additional fees for serving as committee chairs and attending extra meetings. The company also reimburses directors for travel and related expenses. Officers of the company do not receive compensation for serving as directors.
EX-10.34 2 ueic-12312013xex1034.htm EXHIBIT 10.34 UEIC-12.31.2013-Ex 10.34
Exhibit 10.34
Summary of Universal Electronics Inc. 2013 Director Compensation
Non-Employee Directors
Board Retainer Fee (annual) | $ | 35,000 | |||
Share Award (annual) | 5,000 Shares | (1) | |||
Committee Chair Fee (annual) | $ | 10,000 | |||
BOD Meeting Fees | $ | 1,875 | (2) | ||
Committee Meeting Fees | $ | 1,500 | |||
(1) The Share Award vests quarterly in arrears for the year July 1st through June 30th.
(2) The BOD Meeting Fee is paid to each Non-Employee Director for each Board of Directors’ meeting attended in excess of 4 meetings during the period July 1st through June 30th.
Other Information
The Company reimburses directors for travel expenses and other out-of-pocket costs they incur when attending meetings.
Employee Directors
Officers of the Company are not paid for their service as directors.
