Attached files
| file | filename |
|---|---|
| 8-K - COPANO ENERGY, L.L.C. FORM 8-K - Copano Energy, L.L.C. | form8-k.htm |
| EX-99.1 - 2012 MICP GUIDELINES - Copano Energy, L.L.C. | ex99-1.htm |
Exhibit 99.2
COPANO ENERGY, L.L.C.
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 | $ | 30,000 |
NONE
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AUDIT COMMITTEE
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$ | 12,000 | $ | 4,000 | $ | 1,500 | ||||||
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COMPENSATION COMMITTEE
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$ | 8,000 |
NONE
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$ | 1,000 | |||||||
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CONFLICTS COMMITTEE
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$ | 6,000 |
NONE
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$ | 1,000 | |||||||
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NOMINATING AND GOVERNANCE COMMITTEE
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$ | 8,000 |
NONE
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$ | 1,000 | |||||||
EQUITY COMPENSATION FOR ALL NON-EXECUTIVE DIRECTORS:
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§
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Annual grant of 3,000 Restricted Units made prospectively in November of each year, with the annual award for any new Director made upon election and pro-rated based on the number of months during which he or she will serve for the period from the date of election through October 31. Award granted upon election as a Director.
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§
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Annual grants to existing Directors vest in equal one-third increments over three years on November 16 of each year. An initial grant to a new Director vests in equal one-third increments over three years on anniversary of grant date
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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 February 15, 2012
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