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EXHIBIT 10(b)
Peerless Mfg. Co.
Schedule of Non-Employee Director Compensation
Annual Retainer | $7,500 | |
Board Meeting Fees | $1,000 (per meeting attended) | |
Committee Meeting Fees | $1,000 (per meeting attended) | |
Additional Committee Chair Fee | $500 (per meeting attended) | |
Equity Consideration: | 1,000 share option award on the day of each annual shareholders’ meeting of the Company | |
One-time special compensation award to Audit Committee Chairman | $2,500 |