Description of Arrangementfor Directors Fees
EXHIBIT 10.24
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 for the period April 2011 to April 2012. The Compensation Committee will conduct the annual compensation review in April 2012. The Committee may decide to revise the Schedule shown below at the meeting or at another meeting.
| Event | Amount | |
| Annual Retainer | $32,000 | |
| Board Meeting Attended | $1,200 | |
| Committee Meeting Attended | $1,200 | |
| Telephonic Board Meeting | $600 | |
| Telephonic Committee Meeting | $600 | |
| Separate Webster Financial Corporation and Webster Bank Board Meetings (Held on the Same Day) | $2,000 | |
| Annual Retainer for Lead Director | $22,500 | |
| Annual Retainer for the Chair of the Audit Committee | $15,000 | |
| Annual Retainer for the Chair of the Compensation Committee | $10,000 | |
| Annual Retainer for the Chair of the Risk Committee | $10,000 | |
| Annual Retainer for the Chair of the Nominating & Corporate Governance Committee | $7,500 | |
