Attached files
| file | filename |
|---|---|
| 8-K - 8 K FORM - LEXMARK INTERNATIONAL INC /KY/ | document8k.htm |
| EX-99.1 - PRESS RELEASE - LEXMARK INTERNATIONAL INC /KY/ | exhibit991.htm |
Exhibit 10.1
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
|
$15,000
|
|
Annual Chair Retainer Fee – Finance and Audit Committee
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$20,000
|
|
Annual Chair Retainer Fee – Compensation and Pension Committee
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$12,000
|
|
Annual Chair Retainer Fee – Other Committees
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$10,000
|
|
Daily Board Meeting Attendance Fee
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$2,500
|
|
Committee Meeting Attendance Fees (if held other than on a Board Meeting date)
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|
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Finance and Audit Committee
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$2,500
|
|
Other Committees
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$2,000
|
|
Telephonic Meeting Attendance Fee
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$750
|
|
Initial Equity Award (Restricted Stock Units)
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$150,000
|
|
Annual Equity Award (Restricted Stock Units)
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$125,000
|
Terms of Equity Awards
Initial Equity Award (Restricted Stock Units)
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·
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Grant Date: Date of Election to the Board
|
|
·
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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
|
|
·
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Vesting: 100% vested on the sixth anniversary of the Grant Date
|
|
·
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Settlement: On termination of status as a Board member
|
Annual Equity Award (Restricted Stock Units)
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·
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Grant Date: Annual Meeting of Stockholders
|
|
·
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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 nearest whole share
|
|
·
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Vesting: 100% vested on the date immediately preceding the next Annual Meeting of Stockholders
|
|
·
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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.