Summary of Compensation Program of Non-Employee Directors of Viad Corp, effective as of February 27, 2018
Exhibit 10.J1
VIAD CORP
SUMMARY OF COMPENSATION PROGRAM FOR
NON-EMPLOYEE DIRECTORS
AS OF FEBRUARY 25, 2020
| Board of Directors |
|
| Annual Retainer | $65,000 |
| Per Meeting Attendance Fee (for special meetings in excess of 8 in one calendar year) | $1,500 |
| Annual Restricted Stock Grant1Value | $125,000 |
|
|
|
| Independent Chairman of Board of Directors |
|
| Annual Retainer | $100,000 |
|
|
|
| Audit Committee |
|
| Committee Membership Annual Retainer | $20,500 |
| Committee Chairman Annual Retainer | $25,000 |
|
|
|
| Corporate Governance and Nominating Committee |
|
| Committee Membership Annual Retainer | $5,000 |
| Committee Chairman Annual Retainer | $15,000 |
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|
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| Human Resources Committee |
|
| Committee Membership Annual Retainer | $10,000 |
| Committee Chairman Annual Retainer | $20,000 |
Additional Benefits2
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| 1 | The annual restricted stock grant occurs in February of each year and vests 100% one year from the date of the grant, in accordance with the terms and conditions of the forms of the Restricted Stock Agreement for Non-Employee Directors, effective as of February 27, 2018, pursuant to the 2017 Viad Corp Omnibus Incentive Plan, filed as Exhibit 10.1 to Viad Corp’s Form 8-K filed May 23, 2017; or the successor form of such restricted stock agreement filed thereafter. |
| 2 | Non-employee directors may participate in the Directors' Matching Gift Program, which provides for corporate matching of charitable contributions made by non-employee directors, on a dollar-for-dollar basis, up to an aggregate maximum of $5,000 per year to qualified non-profit organizations having tax exempt status under Section 501(c)(3) of the Internal Revenue Code. Viad Corp also provides non-employee directors with accidental death and dismemberment insurance benefits of $300,000 and travel accident insurance benefits of $300,000 when they are traveling on corporate business. |
