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10-K - FORM 10-K - LEXMARK INTERNATIONAL INC /KY/l38254e10vk.htm
EX-24 - EX-24 - LEXMARK INTERNATIONAL INC /KY/l38254exv24.htm
EX-23 - EX-23 - LEXMARK INTERNATIONAL INC /KY/l38254exv23.htm
EX-21 - EX-21 - LEXMARK INTERNATIONAL INC /KY/l38254exv21.htm
EX-31.1 - EX-31.1 - LEXMARK INTERNATIONAL INC /KY/l38254exv31w1.htm
EX-31.2 - EX-31.2 - LEXMARK INTERNATIONAL INC /KY/l38254exv31w2.htm
EX-12.1 - EX-12.1 - LEXMARK INTERNATIONAL INC /KY/l38254exv12w1.htm
EX-32.1 - EX-32.1 - LEXMARK INTERNATIONAL INC /KY/l38254exv32w1.htm
EX-10.37 - EX-10.37 - LEXMARK INTERNATIONAL INC /KY/l38254exv10w37.htm
EX-32.2 - EX-32.2 - LEXMARK INTERNATIONAL INC /KY/l38254exv32w2.htm
Exhibit 10.45
Director Compensation Policy
The following table sets forth the compensation payable to nonemployee directors of Lexmark International, Inc.:
         
Annual Retainer Fee
  $ 50,000  
Presiding Director Annual Retainer Fee
  $ 10,000  
Annual Chair Retainer Fee – Finance and Audit Committee
  $ 15,000  
Annual Chair Retainer Fee – Other Committees
  $ 10,000  
Daily Board Meeting Attendance Fee
  $ 2,500  
Committee Meeting Attendance Fees (if held other than on a Board Meeting date)
       
Finance and Audit Committee
  $ 2,500  
Other Committees
  $ 2,000  
Telephonic Meeting Attendance Fee
  $ 750  
Initial Equity Award (Restricted Stock Units)
  $ 150,000  
Annual Equity Award (Restricted Stock Units)
  $ 100,000  
Terms of Equity Awards
Initial Equity Award (Restricted Stock Units)
    Grant Date: Date of Election to the Board
 
    Number of RSUs: Face value of award divided by the closing price of Lexmark Class A Common Stock on the last day of the prior fiscal year, rounded up to the nearest whole share
 
    Vesting: 100% vested on the sixth anniversary of the Grant Date
 
    Settlement: On termination of status as a Board member
Annual Equity Award (Restricted Stock Units)
    Grant Date: Annual Meeting of Stockholders
 
    Number of RSUs: Face value of award divided by the closing price of Lexmark Class A Common Stock on the Grant Date, rounded up to the nearest whole share
 
    Vesting: 100% vested on the date immediately preceding the next Annual Meeting of Stockholders
 
    Settlement: 34% on the second anniversary of the date of grant and 33% on each of the third and fourth anniversaries of the date of grant
Deferred Stock Units: Pursuant to the terms of the Lexmark International, Inc. 2005 Nonemployee Director Stock Plan, each nonemployee director may defer his or her retainer and/or meeting fees into Deferred Stock Units based on the fair market value of Lexmark Class A Common Stock on the date of deferral. The Deferred Stock Units are eligible for settlement initially on June 30th in the fifth year following the date of grant.