EX-10.3 4 dex103.htm NONEMPLOYEE DIRECTOR'S COMPENSATION SCHEDULE Nonemployee Director's Compensation Schedule

HEI Exhibit 10.3

 

NONEMPLOYEE DIRECTOR’S COMPENSATION SCHEDULE

As of April 1, 2005

 

HEI

 

     paid quarterly

Annual Cash Retainer

   32,500

Chair, HEI Audit Committee

   15,000

Member, HEI Audit Committee

   5,000

Chair, HEI Compensation Committee

   5,000

Chair, HEI Nominating & Corporate Governance Committee

   5,000

Lead Director

   10,000

HEI Common Stock annual grant

   1,400 shares

HEI Common Stock one-time grant for new directors

   2,000 shares

 

ASB & HECO

 

     paid quarterly

Annual Cash Retainer (for HEI & non-HEI directors, for each board served)

   20,000

Chair, Audit Committee

   10,000

Member, Audit Committee

   4,000

HEI Common Stock annual grant

   1,000 shares

HEI Common Stock one-time grant for new directors

   600 shares

 

HELCO & MECO Advisory Boards

 

$1,000 for each meeting, no retainer