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Exhibit 10.19
tw telecom inc.
INDEPENDENT DIRECTORS
COMPENSATION
Effective January 1,
2009
|
Annual Retainer
|
$75,000
(payable quarterly)
|
|
Annual fee Audit Committee
Chair
|
$25,000
|
|
Annual fee Compensation Committee
Chair
|
$25,000
|
|
Annual fee Nominating and Governance
Chair
|
$15,000
|
|
Restricted Stock
|
10,000 shares
of Restricted Stock granted to each sitting independent director
under Company’s amended 2000 Employee Stock Plan at the first
regularly scheduled meeting of the Board of Directors in each
calendar year, of which 75% vest on the anniversary date of the
grant date (provided that the director is still serving on the
Board at that time) and the balance vest upon the resignation or
retirement of the Director from the Company’s Board of
Directors; or upon the effective date of resignation if his or her
resignation is requested by the Company or the majority of its
Board of Directors provided that such Director has served a term of
one year or greater from the date of such grant.
|
If the
|
