Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - W HOLDING CO INC | g20836e10vk.htm |
| EX-32.2 - EX-32.2 - W HOLDING CO INC | g20836exv32w2.htm |
| EX-32.1 - EX-32.1 - W HOLDING CO INC | g20836exv32w1.htm |
| EX-31.2 - EX-31.2 - W HOLDING CO INC | g20836exv31w2.htm |
| EX-31.1 - EX-31.1 - W HOLDING CO INC | g20836exv31w1.htm |
| EX-23.2 - EX-23.2 - W HOLDING CO INC | g20836exv23w2.htm |
| EX-21.1 - EX-21.1 - W HOLDING CO INC | g20836exv21w1.htm |
| EX-23.1 - EX-23.1 - W HOLDING CO INC | g20836exv23w1.htm |
EXHIBIT 10.12
Description of Arrangement for Directors Fees
The following sets forth the amount of annual fees payable (excluding representation expenses) to
each non-employee director of W Holding Company, Inc. (except for directors who receive benefits
from any retirement plan), for their services as Directors in fiscal year 2008:
| Event | Fees | |
Annual Retainer: |
||
For those Directors with
participation in less than three
board of Directors committees.
|
$24,000 annually, payable on a monthly basis ($2,000). | |
For those Directors with
participation in more than three
Board of Directors committees.
|
$42,000 annually, payable on a monthly basis ($3,500). | |
Secretary of the Board of Directors
|
$6,720 annually, payable on a monthly basis ($560). | |
Chairman of the Audit Committee
|
$6,000 annually, payable on a monthly basis ($500). | |
Secretary of the Audit Committee
|
$12,000 annually, payable on a monthly basis ($1,000). | |
Audit Committee Financial Expert
|
$6,000 annually, payable on a monthly basis ($500). |
W Holding Company, Inc. may also reimburse Directors for their out-of-pocket expenses incurred in
connection with attendance at meetings of and other activities relating to service on the Board of
Directors or any Board of Directors committee.