Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Primo Water Corp | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - Primo Water Corp | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - Primo Water Corp | ex31_1.htm |
| EX-32.1 - EXHIBIT 32.1 - Primo Water Corp | ex32_1.htm |
| 10-Q - PRIMO WATER CORPORATION 10-Q 6-30-2011 - Primo Water Corp | form10q.htm |
Exhibit 10.1
Primo Water Corporation
Non-Employee Director Compensation Policy
In general, director compensation will be approximately 50% Cash and 50% Equity. Cash retainers will be paid, and equity grants will be made, on the first business day following the company’s annual meeting of stockholders. Meeting fees will be paid within a reasonable period after the applicable meeting date.
Cash Component – approximately $25,000 per year, depending on committee roles and meetings attended:
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Retainer:
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$2.5K per year for non-committee chairs
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$5.0k per year for committee chairs
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Attendance:
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$2.5k per meeting for in person regularly scheduled board meetings
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$1.0k for telephonic attendance
$1.0k for ad hoc scheduled telephonic special board meetings
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Committee Mtgs:
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$1.0k per attendance each regularly scheduled committee mtg.
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$0.5k for each ad hoc committee mtg telephonic
Anticipated Meeting Schedule
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Audit:
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4 times/year, prior to each board meeting
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1 additional meeting for annual audit review with auditors
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Governance:
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2 time/year, but initially meet prior to each board meeting for the first year
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Compensation:
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2 times/year
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Equity Component - $25,000 per year:
50% Restricted Stock or Restricted Stock Units (as elected by the director)
50% Stock Options (valued using Black Scholes)
Vesting after 1 year and 1 day