Attached files
| file | filename |
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| 8-K - COPANO ENERGY, L.L.C. FORM 8-K - Copano Energy, L.L.C. | form8-k.htm |
Exhibit 99.1
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COPANO ENERGY, L.L.C.
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NON-EXECUTIVE DIRECTOR COMPENSATION*
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CASH COMPENSATION
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ANNUAL
RETAINER
(CHAIRMAN)
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ANNUAL
RETAINER
(MEMBER)
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MEETING
FEES
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BOARD OF DIRECTORS
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$50,000
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$30,000
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NONE
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AUDIT COMMITTEE
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$12,000
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$4,000
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$1,500
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COMPENSATION COMMITTEE
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$8,000
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NONE
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$1,000
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CONFLICTS COMMITTEE
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$6,000
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NONE
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$1,000
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NOMINATING AND GOVERNANCE
COMMITTEE
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$8,000
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NONE
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$1,000
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EQUITY COMPENSATION FOR ALL NON-EXECUTIVE DIRECTORS:
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§
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Initial grant of 6,000 Restricted Units
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§
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Grant of 3,000 Restricted Units in November of each year
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§
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Units vest in equal one-third increments over three years on November 16 of each year
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ANNUAL RETAINER FOR CHAIRMAN OF THE BOARD:
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§
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Award is effective January 1 of each year, in payment of services for that year
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§
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Settled with unit awards under Copano Energy, L.L.C. Long-Term Incentive Plan
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§
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Number of units to be awarded is determined by dividing (a) the amount of the retainer payment, by (b) the “fair market value” of a common unit on the trading day preceding the date the award is effective.
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*
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Effective November 16, 2011.
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