EX-10.20
from 10-K
1 page
For the Fiscal Year Ended 2008, the Non-Employee Directors of Quest Energy GP, LLC (“Quest Energy GP”), the General Partner of Quest Energy Partners, L.P. Received the Following Compensation: • From January 1, 2008 to August 22, 2008: – A Pro Rated Annual Director Fee of $32,000 Per Year; – A Pro Rated Annual Fee of $7,500 Per Year for the Audit Committee Chairperson; – A Pro Rated Annual Fee of $2,500 Per Year for Any Other Committee Chairperson; • From August 23, 2008 to December 31, 2008: – A Pro Rated Annual Director Fee of $42,000 Per Year; – A Pro Rated Annual Fee of $30,000 Per Year for the Chairman of the Board; – A Pro Rated Annual Fee of $7,500 Per Year for the Audit Committee Chairperson; and – A Pro Rated Annual Fee of $2,500 Per Year for Any Other Committee Chairperson. Additionally, the Chairman of the Board, a Non-Employee Director, Received a $30,000 Pro Rated Fee Based on Length of Service. in March 2009, Quest Energy Gp’s Board of Directors Approved a Change to the Structure of the Non-Employee Directors’ Compensation, Effective January 1, 2009, Based on the Recommendation of the Compensation Committee as Follows: • Annual Director Fee of $125,000 Per Year; • Annual Fee of $10,000 Per Year for the Audit Committee Chairperson; and • Annual Fee of $5,000 Per Year for Any Other Committee Chairperson. Additionally, the Chairman of the Board, a Non-Employee Director, Will Receive an Annual Fee of $30,000 Per Year. No Equity Awards Will Be Paid to the Non-Employee Directors for 2009
12/34/56
