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2005 NON-EMPLOYEE DIRECTOR BOARD FEES - SUMMARY

Fee Agreement
2005 NON-EMPLOYEE DIRECTOR BOARD FEES - SUMMARY | Document Parties: VESTA INSURANCE GROUP INC You are currently viewing:
This Fee Agreement involves

VESTA INSURANCE GROUP INC

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Title: 2005 NON-EMPLOYEE DIRECTOR BOARD FEES - SUMMARY
Date: 4/20/2005
Industry: Insurance (Prop. and Casualty)    

2005 NON-EMPLOYEE DIRECTOR BOARD FEES - SUMMARY, Parties: vesta insurance group inc
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Exhibit 10.2

2005 NON-EMPLOYEE DIRECTOR BOARD FEES - SUMMARY

  • Retainer fee - $25,000 annually, $6,250 per quarter of which $5,000 per year must be taken in restricted stock after a six (6) month election period.
  • Additional retainer fee - $5,000 annually, $1,250 per quarter for the chairman of the board and the chairman of each committee.
  • Additional retainer fee for audit committee members - $10,000 annually, $2,500 per qu

 
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