Exhibit 10.1
Summary Chart
Board and Committee Fees for Non-Employee Directors
Effective July 26, 2005
Board and Committee Fees for Non-Employee Directors
Effective July 26, 2005
Cash Compensation* | ||
Annual Retainer Fee | $40,000 | |
(paid semi-annually) | ||
Board Meeting Fee | $1,500 | |
Committee Meeting Fee | $1,500 = Audit Committee | |
$1,500 = Personnel and Compensation Committee | ||
$1,500 = Nominating and Governance Committee | ||
Chair Annual Retainer Fee | $7,000 = Audit Committee | |
$4,000 = Personnel and Compensation Committee | ||
$4,000 = Nominating and Governance Committee | ||
Option Grant | ||
Annual Option Award | 4,000 shares | |
Initial Board Option Award | 2,000 shares | |
(election other than Annual Meeting) |
*Payment may be made in stock, options or phantom stock under the Teledyne Technologies Incorporated 1999 Non-Employee Director Stock Compensation Plan, as amended. At least 25% of the Annual Retainer Fee must be in the form of Teledyne Common Stock or options to acquire Teledyne Common Stock.