Watts Water Technologies, Inc. Non-Employee Director Compensation Policy (2012)

Contract Categories: Human Resources › Compensation Agreements
Summary

Watts Water Technologies, Inc. sets out the annual compensation for its non-employee directors, effective July 31, 2012. Non-employee directors receive a $60,000 annual retainer and an annual stock grant valued at $90,000. Additional annual retainers are provided to the Chairmen of the Board ($40,000), Audit Committee ($17,500), Compensation Committee ($12,500), and Nominating and Corporate Governance Committee ($5,000). No extra compensation is given for attending board or committee meetings.

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EX-10.14 2 a2213147zex-10_14.htm EX-10.14

Exhibit 10.14

 

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 31, 2012 is as follows:

 

·      $60,000 annual retainer;

 

·                  Annual grant of stock with a fair market value on the date of grant equal to $90,000;

 

·                  The Chairman of the Board shall receive an additional annual retainer of $40,000;

 

·                  The Chairman of the Audit Committee shall receive an additional annual retainer of $17,500;

 

·                  The Chairman of the Compensation Committee shall receive an additional annual retainer of $12,500;

 

·                  The Chairman of the and the Nominating and Corporate Governance Committee shall receive an additional annual retainer of $5,000; and

 

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