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American International Group,
Inc.
Non-Employee Director Compensation
The following
non-employee director compensation arrangements were effective
beginning May 16, 2007 (and amended as of June 15, 2008
with respect to Lead Independent Director additional
compensation):
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1.
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Annual cash retainer for all
non-employee directors of $75,000, payable in four equal
installments on the first business day of each quarter in advance
of service. No attendance fees will be paid for Board meetings,
including executive sessions. Directors may elect to defer the
amount of any retainer into deferred stock units
(“DSUs”) under the AIG Amended and Restated 2007 Stock
Incentive Plan, as amended (the “Plan”).
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2.
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Additional cash retainer and cash
meeting fees for non-employee members of standing committees as
follows:
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Annual retainer for Chairman of the
Audit Committee: $25,000
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Annual retainer for other committee
Chairmen: $15,000
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Annual retainer for non-Chairmen
committee members: $5,000 per committee
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Meeting fees: $1,500 per
meeting. 1
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Retainers will
be paid in four equal installments on the first business day of
each quarter in advanc
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