Description of Arrangement for Directors Fees
EX-10.6 2 exhibit106descriptionofarr.htm EX-10.6 Document
EXHIBIT 10.6
Description of Arrangement for Directors Fees
The table below sets forth the amount of fees payable to outside directors of Webster Financial Corporation for their services as Directors, effective April 2020.
| Event | Amount | ||||
| Annual Board Retainer - Lead Director | $ | 76,000 | |||
| Annual Board Retainer - Director | $ | 54,000 | |||
| Annual Audit Committee Retainer - Chair | $ | 24,000 | |||
| Annual Audit Committee Retainer - Member | $ | 11,000 | |||
| Annual Compensation Committee Retainer - Chair | $ | 20,000 | |||
| Annual Compensation Committee Retainer - Member | $ | 8,000 | |||
| Annual Nominating & Corporate Governance Committee Retainer - Chair | $ | 13,000 | |||
| Annual Nominating & Corporate Governance Committee Retainer - Member | $ | 5,000 | |||
| Annual Risk Committee Retainer - Chair | $ | 20,000 | |||
| Annual Risk Committee Retainer - Member | $ | 8,000 | |||
