Webster Financial Corporation Director Fee Arrangement Effective April 2017
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Summary
Webster Financial Corporation outlines the annual fees paid to its outside directors for serving on the Board and its committees, effective April 2017. The arrangement specifies different retainer amounts for directors, the lead director, and chairs or members of the Audit, Compensation, Nominating & Corporate Governance, and Risk Committees. These fees compensate outside directors for their service and responsibilities on the Board and its committees.
EX-10.10 2 exhibit1010descriptionofar.htm EXHIBIT 10.10 Exhibit
EXHIBIT 10.10
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 2017.
Event | Amount | ||
Annual Board Retainer - Lead Director | $ | 61,500 | |
Annual Board Retainer - Director | $ | 42,000 | |
Annual Audit Committee Retainer - Chair | $ | 24,000 | |
Annual Audit Committee Retainer - Member | $ | 9,000 | |
Annual Compensation Committee Retainer - Chair | $ | 16,000 | |
Annual Compensation Committee Retainer - Member | $ | 6,000 | |
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 | $ | 6,000 | |
