MONEYGRAM INTERNATIONAL, INC. | ||||||||||||
COMPENSATION FOR NON-MANAGEMENT MEMBERS OF | ||||||||||||
BOARD OF DIRECTORS AND OF BOARD COMMITTEES | ||||||||||||
Effective: February 17, 2005 | ||||||||||||
Chairman of the Board | ||||||||||||
Annual Retainer | $ | 300,000 | ||||||||||
Non-Qualified Stock Options (1) (2) | 2500 | Shares | ||||||||||
Restricted Stock (1) (3) | 1000 | Shares | ||||||||||
All Other Members of the Board of Directors | ||||||||||||
Annual Retainer | $ | 30,000 | ||||||||||
Meeting Attendance Fee | $ | 1,600 | ||||||||||
Non-Qualified Stock Options (1) (2) | 2500 | Shares | ||||||||||
Restricted Stock (1) (3) | 1000 | Shares | ||||||||||
Audit Committee | ||||||||||||
Meeting Attendance Fee | $ | 1,500 | ||||||||||
Committee Chairman Retainer | $ | 10,000 | ||||||||||
Corporate Governance & Nominating Committee | ||||||||||||
Meeting Attendance Fee | $ | 1,500 | ||||||||||
Committee Chairman Retainer | $ | 5,000 | ||||||||||
Finance & Investment Committee | ||||||||||||
Meeting Attendance Fee | $ | 1,500 | ||||||||||
Committee Chairman Retainer | $ | 5,000 | ||||||||||
Human Resources Committee | ||||||||||||
Meeting Attendance Fee | $ | 1,500 | ||||||||||
Committee Chairman Retainer | $ | 5,000 | ||||||||||
Additional Perquisites Available to All Directors | ||||||||||||
up $5000 in matching gifts to qualified charitiable organizations | ||||||||||||
(1) Initial grant upon election or appointment to Board, and annually thereafter on the third Thursday of February | ||||||||||||
(2) Options vest in three equal annual installments, beginning on first anniversary of grant date | ||||||||||||
(3) Restricted stock vests 100% on the first anniversary of grant date |
Moneygram International (MGI) 8-KEntry into a Material Definitive Agreement
Filed: 23 Feb 05, 12:00am