Amendment No. 3 to USG Corporation Non-Employee Director Compensation Program

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the compensation program for non-employee directors of USG Corporation, effective January 1, 2014. Under the revised terms, each non-employee director will receive an annual retainer of $200,000, with $80,000 paid in cash in quarterly installments and $120,000 paid in USG common stock at the end of each year. The amendment specifies the payment schedule and method for director compensation.

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EX-10.14 2 usg_ex10141231201310k.htm AMENDMENT NO. 3 TO USG CORPORATION NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM USG_EX10.14 12.31.2013 10K


Exhibit 10.14


Amendment No. 3 to
USG Corporation
Non-Employee Director
Compensation Program
(As Amended and Restated February 13, 2008
and amended November 12, 2010 and November 10, 2011) .


Section 1 of the USG Corporation Non-Employee Director Compensation Program (As Amended and Restated February 13, 2008 and amended November 12, 2010 and November 10, 2011) is amended effective January 1, 2014 to read in its entirety as follows:

1.
An annual retainer of $200,000 payable as follows:

a.
$80,000 in cash in equal quarterly installments, payable on the last business day of each calendar quarter commencing with the first quarter of 2014; and

b.
$120,000 in the form of shares of USG common stock on December 31 of each year commencing December 31, 2014.








November 14, 2013