DocumentEffective as of 2/25/2020
SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
I. Board Members (Other than the Lead Director)
A. Annual Cash Compensation
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Annual Cash Retainer: | $125,000 |
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Additional Cash Retainer for Chairman of Audit Committee: | $25,000 |
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Additional Cash Retainer for Chairs of Compensation Committee, | |
Nominating and Corporate Governance Committee, Science and | |
Technology Committee and Strategy and Finance Committee: | $15,000 |
B. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
II. Lead Director
A. Annual Cash Compensation
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Annual Cash Retainer: | $165,000 |
B. Equity Compensation
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Annual equity grants are made upon the recommendation of the Compensation Committee. |
III. Travel Expenses
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Directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings. |