Attached files
EXHIBIT 10.49
Kite Realty Group Trust
Schedule of Non-Employee Trustee Fees and Other Compensation
Schedule of Non-Employee Trustee Fees and Other Compensation
Annual Cash Retainer | $60,000 |
Additional Chairperson Annual Retainers | Audit Committee Chairperson: $25,000 |
Compensation Committee Chairperson: $20,000 | |
Corporate Governance and Nominating Committee Chairperson: $15,000 | |
Additional Committee Member Annual | Audit Committee: $12,500 |
Retainers | Compensation Committee: $10,000 |
Corporate Governance and Nominating Committee: $7,500 | |
Lead Independent Trustee Annual Retainer | $25,000 |
Annual Restricted Share Awards | Each trustee will receive restricted common shares with a value of $100,000 on an annual basis, which shares will vest on the one-year anniversary of the grant date. In addition, upon initial election, each trustee will receive a one-time grant of 750 restricted common shares, which shares will vest on the one-year anniversary of the grant date. |
Share Ownership Guidelines | Each non-employee trustee is expected to hold shares of the Company equal to at least five times the annual cash retainer, to be achieved within five years of becoming subject to such policy. |
Effective April 1, 2017. | ||||