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SUMMARY SHEET FOR 2009 NON-EMPLOYEE DIRECTOR COMPENSATION

Executive Compensation Plan Agreement

SUMMARY SHEET FOR 2009 NON-EMPLOYEE DIRECTOR COMPENSATION | Document Parties: USEC INC You are currently viewing:
This Executive Compensation Plan Agreement involves

USEC INC

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Title: SUMMARY SHEET FOR 2009 NON-EMPLOYEE DIRECTOR COMPENSATION
Date: 7/31/2009
Industry: Non-Metallic Mining     Sector: Basic Materials

SUMMARY SHEET FOR 2009 NON-EMPLOYEE DIRECTOR COMPENSATION, Parties: usec inc
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EXHIBIT 10.2

SUMMARY SHEET FOR 2009 NON-EMPLOYEE DIRECTOR COMPENSATION

     The following table sets forth the compensation for USEC’s non-employee directors for the term commencing at the 2009 annual meeting of shareholders held on April 30, 2009:

 

 

 

Annual Retainer

 

$200,000 paid at the beginning of the service year. $80,000 of the retainer is paid in cash and $120,000 of the retainer is paid in the form of restricted stock units, although a director may elect to receive a greater proportion of the retainer in restricted stock units. Restricted stock units vest one year from the date of grant, however, vesting is accelerated upon (1) the director attaining eligibility for Retirement, (2) termination of the director’s service by reason of death or disability, or (3) a change in control.

 

 

 

Committee Chairman Fees

 

$100,000 annual fee for Chairman of the Board. $20,000 annual fee for Audit and Finance Committee chairman. $10,000 annual fee for Compensation Committee chairman. $7,500 annual fee for all other committees’ ch


 
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