Board of Directors Fee Schedule
EX-10.18 3 c93110exv10w18.htm BOARD OF DIRECTORS FEE SCHEDULE exv10w18
EXHIBIT 10.18
USF CORPORATION
DIRECTORS COMPENSATION
2004
Annual Retainer: | Cash | $15,000/year | ||||||||
| • | $7,500 payable beginning of 1st Quarter | |||||||||
| • | $7,500 payable beginning of 3rd Quarter | |||||||||
| Stock | $20,000/year | |||||||||
| • | $10,000 payable beginning of 1st Quarter | |||||||||
| • | $10,000 payable beginning of 3rd Quarter | |||||||||
Board Meeting Fees: | $1,000 | |||||||||
Committee Fees: | • | $500 (If held with Board Meeting) | ||||||||
| $1,000 (If held separate from Board Meeting) | ||||||||||
Chairperson Fees: | Audit | $4,000 | ||||||||
| Compensation | $2,500 | |||||||||
| Nominating and Corporate Governance | $2,000 | |||||||||
Telephonic Board or Committee Fees: | $750 | |||||||||
Annual Option Grant: | 5,000 Shares (payable in December) | |||||||||
Directors are eligible to defer cash and stock compensation to USF’s Deferred Compensation Program.
