Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CROWN CASTLE INTERNATIONAL CORP | c12671e8vk.htm |
| EX-10.1 - EXHIBIT 10.1 - CROWN CASTLE INTERNATIONAL CORP | c12671exv10w1.htm |
Exhibit 10.2
Crown Castle International Corp.
Summary of Non-Employee Director Compensation
Summary of Non-Employee Director Compensation
Initial Equity Grant. Each newly appointed or elected non-employee director is
granted, pursuant to the Crown Castle International Corp. (“Company”) 2004 Stock Incentive Plan, as
amended, a number of unrestricted shares of common stock of the Company (“Common Stock”) having a
valuation equal to approximately $90,000, valued at the per share closing price of the Common Stock
as of the effective date of the director’s appointment or election.
Annual Equity Grant. At the Board’s first regularly scheduled meeting of each year,
each non-employee director is granted shares of Common Stock having a valuation equal to
approximately $125,000 ($200,000 in the case of the Chairman of the Board), valued at the per share
closing price of the Common Stock as of the date of such Board meeting. On February 10, 2011, the
Board granted (1) 2,756 shares of common stock (priced at $45.36, the closing price of the Common
Stock on February 10, 2011) to each non-employee director of the Board other than J. Landis Martin
and (2) 4,409 shares of common stock (priced at $45.36, the closing price of the Common Stock on
February 10, 2011) to J. Landis Martin for service as non-employee Chairman of the Board.
Retainers. Each non-employee director receives an annual retainer, paid in quarterly
installments, of $75,000 (plus (1) an additional $20,000, $10,000, $8,000 and $5,000 for the Chair
of the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee and
Strategy Committee, respectively, and (2) an additional $5,000 for each member of the Audit
Committee other than the Chair), and reimbursement of reasonable incidental expenses.
Other Benefits. Each non-employee director is eligible to participate, at such
director’s cost and election, in the Company’s medical and dental plans.
Employee Directors. A director who is also an employee of the Company receives no
additional compensation for services as a director.