Back to top

COMPENSATION OF DIRECTORS

Executive Compensation Plan Agreement

COMPENSATION OF DIRECTORS | Document Parties: ARVINMERITOR INC You are currently viewing:
This Executive Compensation Plan Agreement involves

ARVINMERITOR INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: COMPENSATION OF DIRECTORS
Date: 11/21/2008
Industry: Auto and Truck Parts     Sector: Consumer Cyclical

COMPENSATION OF DIRECTORS, Parties: arvinmeritor inc
50 of the Top 250 law firms use our Products every day

     Exhibit 10-d

COMPENSATION OF DIRECTORS
 
 

The retainer for Board service for non-employee directors of ArvinMeritor is $75,000 per year. No additional retainer is paid for service as committee members.
 
The Chairman of the Audit Committee receives an additional retainer of $10,000 per year, and the Chairman of the Compensation Committee receives an additional retainer of $7,000 per year. The Chairmen of the Corporate Governance and Nominating Committee and the Environmental and Social Responsibility Committee each receive an additional retainer of $5,000 per year. The Presiding Director receives an additional retainer of $20,000 per year.
 
A director may elect to defer payment of all or part of the cash retainer fees to a later date, with interest on deferred amounts accruing quarterly at a rate equal to 120% of the Federal long-term rate set each month by the Secretary of the Treasury. Each director also has the option each year (provided sufficient shares are available under a plan covering director equity grants to accommodate this deferral option at the time of election) to defer all or any portion of the  


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more