Xerium Technologies, Inc. Non-Management Director Compensation Policy

Summary

This policy outlines the compensation for non-management directors of Xerium Technologies, Inc. Non-management directors receive an annual retainer of $112,000, half of which is paid in deferred stock units, with the option to receive the remainder in cash or additional deferred stock units. Additional annual cash compensation is provided to committee chairs and the Lead Independent Director, with the Chairman of the Board receiving a higher supplement if they are a non-management director. Directors are also reimbursed for expenses related to board and committee meetings.

EX-10.1 2 xrm-ex101_2013331xqdirecto.htm NON-MANAGEMENT DIRECTOR COMPENSATION POLICY XRM-EX10.1_2013.3.31-Q! Director agreement

Exhibit 10.1


Xerium Technologies, Inc.
Non-Management Director Compensation Policy
Non-management directors receive an annual retainer of $112,000, which will be paid pursuant to the Xerium Technologies, Inc. Directors’ Deferred Stock Unit Plan. Under the plan, 50% of the retainer will be paid in the form of a grant of deferred stock units. Non-management directors will be given the opportunity to elect to receive the remainder of such retainer in deferred stock units or in cash. Please see the Directors’ Deferred Stock Unit Plan for additional information.
Each of the chairs of the Audit Committee and Compensation Committee also receive additional cash compensation at an annual rate of $10,000 per year, and the chair of the Nominating and Governance Committee, and the Lead Independent Director, if there is one, each receive additional cash compensation at an annual rate of $5,000 per year. If the Chairman of the Board is a non-management director, then he or she will receive additional cash compensation at an annual rate of $55,000 per year. Directors are also reimbursed for out-of-pocket expenses for attending board and committee meetings.