Dominion Resources, Inc. Non-Employee Directors’ Annual Compensation Schedule (2011)
This document outlines the annual compensation for non-employee directors of Dominion Resources, Inc. as of December 31, 2011. Directors receive a base retainer of $160,000, split between cash and stock. Additional retainers are provided for serving as committee chairs or lead director. Directors also receive meeting fees for attending board and committee meetings. The agreement specifies the amounts and structure of these payments.
Exhibit 10.40
Dominion Resources, Inc.
Non-Employee Directors’ Annual Compensation
As of December 31, 2011
| Annual Retainer | Amount | |
| Service as Director | $160,000 ($60,000 cash; $100,000 stock) | |
| Service as Audit Committee or Compensation, Governance and Nominating Committee Chair | $15,000 | |
| Service as Finance and Risk Oversight Committee Chair | $10,000 | |
| Service as Lead Director | $20,000 | |
| Meeting Fees | ||
| Board meetings | $2,000 per meeting | |
| Committee meetings | $2,000 per meeting | |
