EX-10.(B) 2 d25437exv10wxby.htm DESCRIPTION OF COMPENSATION PAYABLE TO NON-EMPLOYEE DIRECTORS exv10wxby
 

EXHIBIT 10(b)

Peerless Mfg. Co.

Schedule of Non-Employee Director Compensation

     
Annual Retainer
  $7,500
 
    
Board Meeting Fees
  $1,000 (per meeting attended)
 
    
Committee Meeting Fees
  $1,000 (per meeting attended)
 
    
Additional Committee Chair Fee
  $500 (per meeting attended)
 
    
Equity Consideration:
  1,000 share option award on the day of each annual shareholders’ meeting of the Company
 
    
One-time special compensation award to Audit Committee Chairman
  $2,500