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Filing tables
Filing exhibits
- 10-K Annual report
- 10 EX-10.III.A.91: Description of the Change In Compensation for Non-management Directors.
- 12 EX-12: Supplemental Calculation of Ratio of Earnings to Fixed Charges
- 21 EX-21: Subsidiaries
- 23 EX-23: Consent of Pricewaterhousecoopers LLP
- 24 EX-24: Power of Attorney
- 31.1 EX-31.1: Certification
- 31.2 EX-31.2: Certification
- 32 EX-32: Certification
IPG similar filings
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Exhibit 10(iii)(A)(91)
Description of the Change in Compensation for Non-Management Directors
In a December meeting of the Corporate Governance Committee (the “Committee”), the Committee approved changes to the total compensation paid to non-management directors. Effective January 1, 2007, each non-management director will be paid an annual cash retainer of $80,000. The Committee has eliminated the payment of board and committee attendance fees and has retained the payment of cash retainers for any non-management director serving as a committee chairperson.
In addition, each non-management director will receive an annual equity grant having a value of $80,000 on the date of grant. All equity grants will be subject to three year transfer restrictions, except in the case of the retirement of a director.