Summary of the Non-Management Director Compensation Action
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EX-10.1 2 d48727exv10w1.htm SUMMARY OF THE NON-MANAGEMENT DIRECTOR COMPENSATION ACTION exv10w1
Exhibit 10.1
Summary of 2007 Non-Management Director Compensation
With the approval of The Williams Companies, Inc. 2007 Incentive Plan by the company’s stockholders on May 17, 2007, the following compensation was awarded to the non-management directors of The Williams Companies, Inc. on May 17, 2007:
| Annual Retainer | ||||||||||||||||||||
| Long-term | ||||||||||||||||||||
| incentive | ||||||||||||||||||||
| Chair Retainers | Total fees paid in | (number of | ||||||||||||||||||
| and Special | cash or paid in | restricted stock | ||||||||||||||||||
| Cash payment | Full value shares1 | Committee fees | stock | units)2 | ||||||||||||||||
Kathleen B. Cooper | $ | 75,000 | $ | 35,010 | — | $ | 110,010 | 3,000 | ||||||||||||
Irl F. Engelhardt | $ | 75,000 | $ | 35,010 | — | $ | 110,010 | 3,000 | ||||||||||||
William R. Granberry | $ | 75,000 | $ | 35,010 | — | $ | 110,010 | 3,000 | ||||||||||||
William E. Green3 | $ | 75,000 | $ | 35,010 | $ | 10,000 | $ | 120,010 | 3,000 | |||||||||||
Juanita H. Hinshaw4 | $ | 75,000 | $ | 35,010 | $ | 10,000 | $ | 120,010 | 3,000 | |||||||||||
W. R. Howell5 | $ | 75,000 | $ | 35,010 | $ | 30,000 | $ | 140.010 | 3,000 | |||||||||||
Charles M. Lillis6 | $ | 75,000 | $ | 35,010 | $ | 20,000 | $ | 130,010 | 3,000 | |||||||||||
George A. Lorch7 | $ | 75,000 | $ | 35,010 | $ | 20,000 | $ | 130,010 | 3,000 | |||||||||||
William G. Lowrie8 | $ | 75,000 | $ | 35,010 | $ | 15,000 | $ | 125,010 | 3,000 | |||||||||||
Frank T. MacInnis9 | $ | 75,000 | $ | 35,010 | $ | 10,000 | $ | 120,010 | 3,000 | |||||||||||
Janice D. Stoney | $ | 75,000 | $ | 35,010 | — | $ | 110,010 | 3,000 | ||||||||||||
| 1 | 1,228 shares at $28.51 per share. | |
| 2 | Payable May 17, 2010, or upon death or other termination of service as a non-management director of the Company. | |
| 3 | Special Litigation Committee fee ($10,000). | |
| 4 | Special Litigation Committee fee ($10,000). | |
| 5 | Lead Director fee ($20,000); Compensation Committee chair fee ($10,000). | |
| 6 | Special Litigation Committee fee ($10,000); Finance Committee chair fee ($10,000). | |
| 7 | Special Litigation Committee fee ($10,000); Special Litigation Committee chair fee ($10,000). | |
| 8 | Audit Committee chair fee ($15,000). | |
| 9 | Nominating and Governance Committee chair fee ($10,000). |
