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Exhibit 10.1
Energy Solutions
, Inc.
BOARD OF DIRECTORS
SUMMARY OF COMPENSATION
TERMS
FOR
(“ DIRECTOR ”)
The following sets forth the terms
of the compensation agreement between the Director and Energy
Solutions , Inc. (the “ Company
”).
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Job Title/ Responsibilities:
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Director shall be a Director on the Board of
Directors. Director shall have such responsibilities as are
customary for such a position.
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Term:
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Director’s initial term shall continue
until the next annual meeting of stockholders of the Company
(“ Term ”). Upon expiration, Director may, if
nominated by the Nominating and Corporate Governance Committee and
approved by the Board, stand for reelection.
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Cash Retainer:
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Director’s annual cash retainer (“
Cash Retainer ”) shall be $55,000 which shall
constitute full compensation for six Board Meetings per calendar
year. For additional Board Meetings, Director will be paid $1,250
per meeting.
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Chair Fee:
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Director’s annual chair fee for each
committee chaired by the Director (“ Chair Fee
”) shall be $10,000. This includes the Lead Independent
Director and the EnergySolutions Foundation Board chair.
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Committee Meeting Defined
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Committee meeting duration must be at least 30
minutes to constitute a meeting for the purpose of payment of the
meeting fee. At the conclusion of each session, the Committee
members must validate if the time spent qualifies as a Committee
meeting.
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Committee Meeting Fee:
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Director’s fee per Committee meeting
attended of which Director is a member (“ Committee
Meeting Fee ”) shall be $1,250. The EnergySolutions
Foundation Board is e
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