GEHL COMPANY
NON-EMPLOYEE DIRECTORS’ COMPENSATION
Annual Retainer Fees
• | Board of Directors - An annual fee of $20,000. |
• | Committee Chairman: |
• | Audit Committee - An annual fee of $5,000 |
• | Compensation Committee - An annual fee of $3,000 |
Directors' Meeting Fee
Regular Meeting | $1,250 per meeting attended/participated |
Telephonic Meeting | $1,250 per meeting attended/participated |
Board Committee Fees - Regular and Telephonic
Chairman of Committee | |
Audit Committee | $2,500 per meeting attended/participated |
Compensation & Benefits Committee | $1,500 per meeting attended/participated |
Nominating Committee | $1,000 per meeting attended/participated |
Other members | |
Audit Committee | $1,500 per meeting attended/participated |
Compensation & Benefits Committee | $1,000 per meeting attended/participated |
Nominating Committee | $ 750 per meeting attended/participated |
Fee Payment
All fees will be paid on a quarterly basis.
Stock Option
Each year, on the day following the Annual Shareholders Meeting, a grant of 2,000 shares shall be made subject to the Gehl Company 2004 Equity Incentive Plan.
Expenses
All reasonable expenses for Board & Committee meetings will be reimbursed to include travel, meals, lodging, telephone, mailing, etc.
Travel and Accident Insurance
Insured for $250,000