Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - MEADWESTVACO Corp | d10k.htm |
| EX-21 - EXHIBIT 21 - MEADWESTVACO Corp | dex21.htm |
| EX-3.2 - EXHIBIT 3.2 - MEADWESTVACO Corp | dex32.htm |
| EX-32.2 - EXHIBIT 32.2 - MEADWESTVACO Corp | dex322.htm |
| EX-31.1 - EXHIBIT 31.1 - MEADWESTVACO Corp | dex311.htm |
| EX-32.1 - EXHIBIT 32.1 - MEADWESTVACO Corp | dex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MEADWESTVACO Corp | dex312.htm |
| EX-23.1 - EXHIBIT 23.1 - MEADWESTVACO Corp | dex231.htm |
| EX-4.11 - EXHIBIT 4.11 - MEADWESTVACO Corp | dex411.htm |
| EX-10.34 - EXHIBIT 10.34 - MEADWESTVACO Corp | dex1034.htm |
| EX-10.35 - EXHIBIT 10.35 - MEADWESTVACO Corp | dex1035.htm |
Exhibit 10.27
MeadWestvaco Corporation
Compensation Program for Non-Employee Directors
Effective April 26, 2010, the compensation program for non-employee directors of MeadWestvaco Corporation has been modified and the form and amount of compensation consist of the following components:
| (1) | Following the annual meeting of shareholders, all non-employee directors are awarded MeadWestvaco stock units valued at $85,000 which track the performance of MeadWestvaco common stock. The stock units are distributed to directors on termination of Board membership in shares of MeadWestvaco common stock. |
| (2) | Following the annual meeting of shareholders, all non-employee directors receive an annual cash retainer of $65,000. In addition, non-employee directors also receive an annual cash retainer based on their service as follows: |
| a. | Members of the Audit Committee (other than the Chair) receive an annual cash retainer of $10,000. |
| b. | The Chair of the Audit Committee receives an annual cash retainer of $20,000. |
| c. | The Chair of the Compensation and Organization Development Committee receives an annual cash retainer of $15,000. |
| d. | The Chair of each other standing Committee of the Board of Directors receives an annual cash retainer of $10,000. |
| e. | The lead director receives an annual cash retainer of $25,000. |
Annual cash retainers are payable in a lump sum. Non-employee directors may elect to defer all or a portion of their annual cash retainer.