Attached files
| file | filename |
|---|---|
| 8-K - COPANO ENERGY, L.L.C. FORM 8-K - Copano Energy, L.L.C. | form8-k.htm |
Exhibit 99.1
COPANO ENERGY, L.L.C.
NON-EXECUTIVE DIRECTOR COMPENSATION*
|
CASH COMPENSATION
|
ANNUAL
RETAINER
(CHAIRMAN)
|
ANNUAL
RETAINER
(CHAIRMAN)
|
MEETING
FEES
|
|
BOARD OF DIRECTORS
|
$50,000
|
$30,000
|
NONE
|
|
AUDIT COMMITTEE
|
$12,000
|
$4,000
|
$1,500
|
|
COMPENSATION COMMITTEE
|
$10,000
|
NONE
|
$1,000
|
|
CONFLICTS COMMITTEE
|
$6,000
|
NONE
|
$1,000
|
|
NOMINATING AND GOVERNANCE
COMMITTEE
|
$10,000
|
NONE
|
$1,000
|
EQUITY COMPENSATION FOR ALL NON-EXECUTIVE DIRECTORS:
|
§
|
Annual grant of 3,000 Restricted Units made prospectively in November of each year, with the annual award for any new Director made upon election and pro-rated based on the number of months during which he or she will serve for the period from the date of election through October 31. Award granted upon election as a Director.
|
|
§
|
Annual grants to existing Directors vest in equal one-third increments over three years on November 16 of each year. An initial grant to a new Director vests in equal one-third increments over three years on anniversary of grant date
|
ANNUAL RETAINER FOR CHAIRMAN OF THE BOARD:
|
§
|
|
Award is effective January 1 of each year, in payment of services for that year
|
|
§
|
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Settled with unit awards under Copano Energy, L.L.C. Long-Term Incentive Plan
|
|
§
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Number of units to be awarded is determined by dividing (a) the amount of the retainer payment, by (b) the “fair market value” of a common unit on the trading day preceding the date the award is effective.
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* Effective November 14, 2012