Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTHERN CO | so2014offchange8-k2x14.htm |
EXHIBIT 10.1
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION ARRANGEMENTS
THE SOUTHERN COMPANY
Only non-employee directors are compensated for service on the Board of Directors (the "Board") of The Southern Company.
Effective January 1, 2014, the pay components are as follows:
· | Annual Cash Retainer Fee: | $100,000 |
· | Committee Chair Annual Retainer: | $20,000 |
· | Presiding Director Annual Retainer: | $20,000 |
· | Annual Stock Retainer Fee: | $120,000 payable in deferred common stock units until Board membership ends |
· | Board Meeting Fees: | Meeting fees are not paid for participation in the initial eight meetings of the Board in a calendar year. If more than eight meetings of the Board are held in a calendar year, $2,500 will be paid for participation in each meeting of the Board beginning with the ninth meeting. |