Attached files
| file | filename |
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| 10-Q - 10-Q - HANOVER INSURANCE GROUP, INC. | thg-20160630x10q.htm |
| EX-32.2 - EX-32.2 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex32_2.htm |
| EX-32.1 - EX-32.1 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex32_1.htm |
| EX-31.2 - EX-31.2 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex31_2.htm |
| EX-31.1 - EX-31.1 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex31_1.htm |
| EX-10.6 - EX-10.6 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex10_6.htm |
| EX-10.4 - EX-10.4 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex10_4.htm |
| EX-10.3 - EX-10.3 - HANOVER INSURANCE GROUP, INC. | thg-20160630xex10_3.htm |
The Hanover Insurance Group, Inc.
2016-2017 Compensation of Non-Employee Directors
— For the annual service period beginning on May 24, 2016, the date of the 2016 Annual Meeting of Shareholders—
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Standard Fees |
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Description |
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Annual Director Retainer |
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- Stock Component |
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-$125,000 valuation |
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-Granted on May 24, 2016. Issued pursuant to Company’s 2014 Long-Term Incentive Plan (the “2014 Plan”) |
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- Cash Component |
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-$85,000 |
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-Payable on or after May 24, 2016 |
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Committee Chairperson Annual Retainer (payable in addition to Committee Annual Retainer) |
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-$10,000 for the chairperson of the Nominating and Corporate Governance Committee, payable on or after May 24, 2016 |
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-$14,000 for the chairperson of the Compensation Committee, payable on or after May 24, 2016 |
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-$24,000 for the chairperson of the Audit Committee, payable on or after May 24, 2016 |
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Chairman of the Board Retainer |
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-$125,000 -Payable on or after May 24, 2016
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Committee Annual Retainer |
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-$5,000 for each member of the Nominating and Corporate Governance Committee, payable on or after May 24, 2016 |
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-$7,000 for each member of the Compensation Committee, payable on or after May 24, 2016 |
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-$12,000 for each member of the Audit Committee, payable on or after May 24, 2016 |
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Other |
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Special Chief Executive Officer Search Committee Fee |
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-$10,000 for each Committee Member, payable on or after May 24, 2016
-$20,000 for the Committee Chair, payable on or after May 24, 2016
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Deferred Compensation Plan |
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-Directors may defer receipt of their cash and stock compensation (including any cash compensation that is converted to into stock under the Conversion Program). Deferred cash amounts are accrued in a memorandum account that is credited with interest derived from the so-called General Agreement on Tariffs and Trade (GATT) Rate (3.03% in 2016). All deferrals are pursuant to The Hanover Insurance Group, Inc. Non-Employee Director Deferral Plan. |
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Conversion Program |
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-At the election of each director, cash retainers may be converted into Common Stock of the Company with such stock issued pursuant to the 2014 Plan |
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Reimbursable Expenses |
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-Travel and related expenses incurred in connection with service on the Board of Directors and its Committees. The Company also reimburses Mr. Angelini’s employer, Bowditch & Dewey, for estimated expenses for administrative support related to his duties as Chairman of the Board. |
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Matching Charitable Contributions |
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-Company will provide matching contributions to qualified charitable organizations up to $5,000 per director per year |