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10-K/A Filing
IDACORP (IDA) 10-K/A2006 FY Annual report (amended)
Filed: 1 Mar 07, 12:00am
Exhibit 10(h)(xix)
IDACORP, Inc. and Idaho Power Company 2007 Compensation for
Non-Employee Directors of the Board of Directors
All directors of IDACORP also serve as directors of Idaho Power Company. The fees and other compensation discussed below is for service on both boards. Employee directors receive no compensation for service on the boards.
Fees
Monthly Retainer
Chairman of the board | $7,000 |
Chairman of audit committee | $3,125 |
Chairman of compensation committee | $2,916 |
Chairman of corporate governance committee | $2,583 |
Other directors | $2,083 |
Meeting Fees
Board meeting | $1,250 |
Committee meeting | $1,250 |
The chairman of the board does not receive meeting fees.
Stock Awards
$40,000 of IDACORP common stock each February
Subsidiary Board Fees
IDACORP Financial Services
Monthly retainer $750
Meeting fees $600
Deferral Arrangements
Directors may defer all or a portion of their monthly retainers and meeting fees. At retirement, directors may elect to receive one lump-sum payment of all amounts deferred with interest or a series of up to 10 equal annual payments. The interest rate is equal to the Moody's long-term corporate bond yield average rate plus three percent.
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