Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Red Lion Hotels CORP | v58681e10vk.htm |
| EX-23 - EX-23 - Red Lion Hotels CORP | v58681exv23.htm |
| EX-21 - EX-21 - Red Lion Hotels CORP | v58681exv21.htm |
| EX-31.1 - EX-31.1 - Red Lion Hotels CORP | v58681exv31w1.htm |
| EX-32.2 - EX-32.2 - Red Lion Hotels CORP | v58681exv32w2.htm |
| EX-32.1 - EX-32.1 - Red Lion Hotels CORP | v58681exv32w1.htm |
| EX-31.2 - EX-31.2 - Red Lion Hotels CORP | v58681exv31w2.htm |
Exhibit
10.10
Summary Sheet for Director Compensation
March 16, 2011
March 16, 2011
The Company pays its Chairman of the Board an annual retainer of $70,000, and it pays or reimburses
him for the cost of office space that has a rental value of approximately $13,000 per year. The
Company pays each of its other non-employee directors an annual retainer of $30,000. The chair of
the Audit Committee receives an additional annual fee of $20,000. The chairs of each of the
Compensation Committee and the Nominating and Corporate Governance Committee receive an additional
annual fee of $15,000. Non-chair members of these committees receive an additional $5,000 annual
fee for each committee on which they serve.
All director fees are payable in advance in equal quarterly installments and are currently paid via
shares of the Company’s common stock based on the closing market price on the regularly scheduled
quarterly payment date.
In addition to annual fees, each non-employee director is entitled to receive, at or following each
Company annual meeting, a grant of stock of the Company valued at $25,000.
In line with the Company’s operating strategy, and as with all salaried employees including senior
management, the Company’s directors have accepted since the second quarter of 2009 a 5% reduction
in the amount of the fees and stock grants described above.
In addition to fees and stock grants, it is the Company’s policy to reimburse directors for their
out-of-pocket expenses incurred in connection with their service on the Board and its committees.