Watts Water Technologies, Inc. Non-Employee Director Compensation Policy (2014)

Contract Categories: Human Resources › Compensation Agreements
Summary

Watts Water Technologies, Inc. has established a compensation policy for its non-employee directors, effective July 29, 2014. Non-employee directors receive a $70,000 annual retainer and an annual stock grant valued at $100,000. Additional annual retainers are provided to the Chairmen of the Board ($60,000), Audit Committee ($20,000), Compensation Committee ($15,000), and Nominating and Corporate Governance Committee ($12,500). No extra compensation is given for attending board or committee meetings.

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EX-10.10 4 a2223227zex-10_10.htm EX-10.10

Exhibit  10.10

 

WATTS WATER TECHNOLOGIES, INC.

 

Non-Employee Director Compensation

 

The annual compensation payable by Watts Water Technologies, Inc. to non-employee Directors as determined by the Board of Directors of the Corporation on July 29, 2014 is as follows:

 

·                  $70,000 annual retainer;

 

·                  Annual grant of stock with a fair market value on the date of grant equal to $100,000;

 

·                  The Chairman of the Board shall receive an additional annual retainer of $60,000;

 

·                  The Chairman of the Audit Committee shall receive an additional annual retainer of $20,000;

 

·                  The Chairman of the Compensation Committee shall receive an additional annual retainer of $15,000;

 

·                  The Chairman of the and the Nominating and Corporate Governance Committee shall receive an additional annual retainer of $12,500; and

 

·                  There shall be no additional compensation paid for participation in Board or committee meetings.