Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - HANOVER INSURANCE GROUP, INC. | thg-ex322_251.htm |
| EX-32.1 - EX-32.1 - HANOVER INSURANCE GROUP, INC. | thg-ex321_250.htm |
| EX-31.2 - EX-31.2 - HANOVER INSURANCE GROUP, INC. | thg-ex312_252.htm |
| EX-31.1 - EX-31.1 - HANOVER INSURANCE GROUP, INC. | thg-ex311_253.htm |
| EX-10.2 - EX-10.2 - HANOVER INSURANCE GROUP, INC. | thg-ex102_404.htm |
| 10-Q - 10-Q - HANOVER INSURANCE GROUP, INC. | thg-10q_20170630.htm |
Exhibit 10.1
The Hanover Insurance Group, Inc.
2017-2018 Compensation of Non-Employee Directors
— For the annual service period beginning on May 16, 2017, the date of the 2017 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 16, 2017. Issued pursuant to Company’s 2014 Long-Term Incentive Plan (the “2014 Plan”) |
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- Cash Component |
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- $90,000 |
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- Payable on or after May 16, 2017 |
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Committee Chairperson Annual Retainer (payable in addition to Committee Annual Retainer) |
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- $21,000 for the chairperson of the Nominating and Corporate Governance Committee, payable on or after May 16, 2017 |
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- $21,000 for the chairperson of the Compensation Committee, payable on or after May 16, 2017 |
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- $36,000 for the chairperson of the Audit Committee, payable on or after May 16, 2017 |
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Chairman of the Board Retainer |
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- $125,000 - Payable on or after May 16, 2017
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Committee Annual Retainer |
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- $10,000 for each member of the Nominating and Corporate Governance Committee, payable on or after May 16, 2017 |
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- $10,000 for each member of the Compensation Committee, payable on or after May 16, 2017 |
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- $15,000 for each member of the Audit Committee, payable on or after May 16, 2017 |
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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 (2.86% in 2017). 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.
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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 |
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