USI Board of Directors 2005 Compensation Plan
EX-10.1 4 dex101.htm SUMMARY OF COMPENSATION FOR NON-EMPLOYEE DIRECTORS Summary of Compensation for Non-Employee Directors
Exhibit 10.1
USI Board of Directors – 2005 Compensation Plan
| Annual Cash Retainer | $30,000 | |||||
| (Director may elect to receive in cash or in company stock) | ||||||
| plus | Committee Chair Retainer | |||||
| Audit | $20,000 | |||||
| Compensation | $15,000 | |||||
| (Director may elect to receive between | Nominating /Lead Director | $15,000 | ||||
| 50% and 100% in company stock) | ||||||
| plus | Annual Equity Grant | $30,000 value | ||||
| (fully vested grant of shares) | ||||||
| plus | Meeting Fees (per meeting) | |||||
| Board | $1,500 | |||||
| Committee | $1,000 | |||||
| Telephonic | Same as above | |||||
| New Director Grant of Shares | (upon joining Board) | $40,000 value | ||||
| (Restricted Shares subject to 3 year Cliff Vesting schedule) | ||||||
| Deferred Compensation Plan | Eligible to defer all or a portion of cash compensation into USI Deferred Compensation Plan | |||||
