Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - TOTAL SYSTEM SERVICES INC | g21118e10vq.htm |
| EX-32 - EX-32 - TOTAL SYSTEM SERVICES INC | g21118exv32.htm |
| EX-31.2 - EX-31.2 - TOTAL SYSTEM SERVICES INC | g21118exv31w2.htm |
| EX-31.1 - EX-31.1 - TOTAL SYSTEM SERVICES INC | g21118exv31w1.htm |
EXHIBIT 10.1
TOTAL SYSTEM SERVICES, INC.
Board of Directors Compensation
Board of Directors Compensation
The Board of Directors of Total System Services, Inc. approved modifications to the
compensation to be paid to non-employee directors effective in July of 2009, as set forth below,
which modifications were limited to decreasing the company’s contribution to the director stock
purchase plan and beginning to pay a retainer to the Chairman of the Executive Committee:
Cash Compensation
Annual Board Retainer |
$ | 40,000 | ||
Annual Committee Member Retainers |
||||
Audit Committee |
$ | 15,000 | ||
Compensation Committee |
$ | 10,000 | ||
Corporate Governance and Nominating Committee |
$ | 7,500 | ||
Executive Committee |
$ | 10,000 | ||
Annual Committee Chair Retainers* |
||||
Audit Committee |
$ | 15,000 | ||
Compensation Committee |
$ | 10,000 | ||
Corporate Governance and Nominating Committee |
$ | 7,500 | ||
Executive Committee |
$ | 15,000 | ||
Annual Lead Director Retainer |
$ | 5,000 |
| * | Note: The committee chair will receive both an annual committee member retainer and an annual committee chair retainer. |
Equity Compensation
Annual restricted stock award (in the form of a grant from the
TSYS 2008 Omnibus Plan, 3 year cliff vesting) |
500 shares | |||
Director Stock Purchase Plan |
||||
Annual maximum company cash contribution per director
participant to company-sponsored open market stock purchase plan,
with company’s contribution equal to 15% of director participant’s
cash contribution, subject to annual maximum contribution limit by
director of $20,000. Employee directors may participate in this plan. |
$ | 10,000 | ||