Watts Water Technologies, Inc. Non-Employee Director Compensation Policy (2007)

Summary

Watts Water Technologies, Inc. sets out the compensation for its non-employee directors. Directors receive a $30,000 annual retainer, a yearly grant of Class A Common Stock valued at $45,000, and $2,000 for each in-person board meeting attended. Additional annual retainers are provided to the Chairmen of the Board ($5,000), Audit Committee ($10,000), and Compensation and Nominating/Corporate Governance Committees ($3,000 each). No extra compensation is given for committee meetings or board meetings held by phone.

EX-10.1 3 ex10-1.txt NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 10.1 WATTS WATER TECHNOLOGIES, INC. Non-Employee Director Compensation The annual compensation payable by Watts Water Technologies, Inc. (the "Corporation") to non-employee Directors as determined by the Board of Directors of the Corporation on February 6, 2007 is as follows: 1. $30,000 annual retainer 2. Annual grant of Class A Common Stock under the Corporation's 2004 Stock Incentive Plan with a fair market value on the date of grant equal to $45,000 3. $2,000 for each regularly scheduled Board of Directors meeting attended in person 4. The Chairman of the Board of Directors shall receive an additional annual retainer of $5,000 5. The Chairman of the Audit Committee shall receive an additional annual retainer of $10,000 6. The Chairman of each of the Compensation Committee and the Nominating and Corporate Governance Committee shall receive an additional annual retainer of $3,000 There shall be no additional compensation paid for attendance at meetings of committees of the Board of Directors or for participation in meetings of the Board of Directors held by telephone conference call.