Webster Financial Corporation Director Fee Arrangement Effective April 2018
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Summary
Webster Financial Corporation outlines the annual fees paid to its outside directors for their board and committee service, effective April 2018. The arrangement specifies different retainer amounts for directors, the lead director, and chairs and members of various board committees, including Audit, Compensation, Nominating & Corporate Governance, and Risk Committees. This document serves to disclose the compensation structure for non-employee directors of the company.
EX-10.6 2 exhibit106description.htm EXHIBIT 10.6 Exhibit
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 2018.
Event | Amount | ||
Annual Board Retainer - Lead Director | $ | 66,500 | |
Annual Board Retainer - Director | $ | 47,000 | |
Annual Audit Committee Retainer - Chair | $ | 24,000 | |
Annual Audit Committee Retainer - Member | $ | 9,000 | |
Annual Compensation Committee Retainer - Chair | $ | 18,500 | |
Annual Compensation Committee Retainer - Member | $ | 7,000 | |
Annual Nominating & Corporate Governance Committee Retainer - Chair | $ | 12,000 | |
Annual Nominating & Corporate Governance Committee Retainer - Member | $ | 4,500 | |
Annual Risk Committee Retainer - Chair | $ | 20,000 | |
Annual Risk Committee Retainer - Member | $ | 7,000 | |
