ARMSTRONG
NONEMPLOYEE DIRECTORS COMPENSATION
1
[Approved
October 26, 2009]
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$155,000 — consisting of a
Board retainer of approximately $70,000 per year plus an annual
award of restricted stock or stock units valued at approximately
$85,000. 2
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Special annual retainers as
follows:
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$20,000 for the Lead
Director
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$20,000 for the Audit Committee
Chair
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$10,000 for the Management
Development and Compensation Committee Chair
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$10,000 for the Nominating and
Governance Committee Chair
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Cash is paid quarterly in arrears.
The annual stock unit grant is made in one installment in October
at or about the time of the regular October Board meeting to
directors
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