Attached files
file | filename |
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8-K - FORM 8-K - CROWN CASTLE INTERNATIONAL CORP | c96742e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - CROWN CASTLE INTERNATIONAL CORP | c96742exv10w1.htm |
Exhibit 10.2
Crown Castle International Corp.
Summary of Non-Employee Director Compensation
Summary of Non-Employee Director Compensation
Initial Equity Grant. Each newly appointed or elected non-employee director is
granted, pursuant to the Crown Castle International Corp. (Company) 2004 Stock Incentive Plan, as
amended (2004 Plan), a number of unrestricted shares of common stock of the Company (Common
Stock) having a valuation equal to approximately $90,000, valued at the per share closing price of
the Common Stock as of the effective date of the directors appointment or election.
Annual Equity Grant. At the Boards first regularly scheduled meeting of each year,
each non-employee director is granted shares of Common Stock having a valuation equal to
approximately $125,000 ($200,000 in the case of the Chairman of the Board), valued at the per share
closing price of the Common Stock as of the date of such Board meeting. On February 18, 2010, the
Board granted pursuant to the 2004 Plan (1) 3,248 shares of common stock (priced at $38.49, the
closing price of the Common Stock on February 18, 2010) to each non-employee director of the Board
other than J. Landis Martin and (2) 5,196 shares of common stock (priced at $38.49, the closing
price of the Common Stock on February 18, 2010) to J. Landis Martin for service as non-employee
chairman of the Board.
Retainers. Each non-employee director receives an annual retainer, paid in quarterly
installments, of $75,000 (plus (1) an additional $20,000, $10,000, $5,000 and $5,000 for the chair
of the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee and
Strategy Committee, respectively, and (2) an additional $5,000 for each member of the Audit
Committee other than the chair), and reimbursement of reasonable incidental expenses. In addition,
the Board approved a retainer of $10,000 for up to six months of service to be paid to each member
of a special committee formed by the Board.
Other Benefits. Each non-employee director is eligible to participate, at such
directors cost and election, in the Companys medical and dental plans.
Employee Directors. A director who is also an employee of the Company receives no
additional compensation for services as a director.
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