EX-10.7
from 10-Q
1 page
Compensation Element Non-Employee Director Compensation(1) Board Chairman Annual Retainer $145,000 Board Member Annual Retainer (Other Than Board Chairman) $75,000 Committee Chairman Annual Retainer $25,000 Audit Committee $15,000 All Other Committees(2) Technology Liaison Annual Retainer $10,000 Share-Based Compensation Fair Value on the Date of the Respective Awards Is Used to Determine the Number of Restricted Stock Units ("Rsus") Awarded. an Annual Award of $115,000 in Rsus Following the Annual Shareholder Meeting. $115,000 in Rsus if Joining the Board Within Six Months After the Prior Annual Shareholder Meeting, $57,500 in Rsus if Joining More Than Six Months After the Prior Annual Shareholder Meeting but Before the Next Annual Shareholder Meeting. All Awards Have a 1-Year Vesting Period. Basic Group Term Life Insurance Premium for $10,000 Face Amount Business Travel Accident Insurance Premium for $100,000 Coverage (1) Annual Retainer Fees Are Paid Following the Annual Shareholder Meeting Each Year. the Annual Retainer Fees Are Prorated to the Extent That a Non-Employee Director Joins the Board After the Annual Shareholder Meeting. Non-Employee Directors May Elect to Defer Cash Compensation Into Rsus. (2) the Executive Committee Chair Is Not Paid an Annual Retainer. Last Revision Date: May 25, 2022
12/34/56
EX-10.7
from 10-Q
1 page
Compensation Element Non-Employee Director Compensation(1) Board Chairman Annual Retainer $125,000 Board Member Annual Retainer (Other Than Board Chairman) $70,000 Committee Chairman Annual Retainer $25,000 Audit Committee $15,000 All Other Committees(2) Technology Liaison Annual Retainer $10,000 Share-Based Compensation Fair Value on the Date of the Respective Awards Is Used to Determine the Number of Restricted Stock Units ("Rsus") Awarded. an Annual Award of $110,000 in Rsus Following the Annual Shareholder Meeting. $110,000 in Rsus if Joining the Board Within Six Months After the Prior Annual Shareholder Meeting, $55,000 in Rsus if Joining More Than Six Months After the Prior Annual Shareholder Meeting but Before the Next Annual Shareholder Meeting. All Awards Have a 1-Year Vesting Period. Basic Group Term Life Insurance Premium for $10,000 Face Amount Business Travel Accident Insurance Premium for $100,000 Coverage (1) Annual Retainer Fees Are Paid Following the Annual Shareholder Meeting Each Year. the Annual Retainer Fees Are Prorated to the Extent That a Non-Employee Director Joins the Board After the Annual Shareholder Meeting. Non-Employee Directors May Elect to Defer Cash Compensation Into Rsus. (2) the Executive Committee Chair Is Not Paid an Annual Retainer. Last Revision Date: May 20, 2021
12/34/56