This excerpt taken from the CVS DEF 14A filed Mar 24, 2009.
2007 2008 Board Year: Annual Retainer, Meeting Fees and Equity Awards
For the Board year that commenced on May 9, 2007 and ended on May 6, 2008, the Company provided the following compensation to our non-employee directors for their services as directors:
At least one half of the annual non-employee director retainer fee was paid in CVS Caremark common stock. Directors could elect to receive all retainer and attendance fees in common stock. A director could also choose to defer receipt of such shares. Deferred shares were credited with dividend equivalents.
The following chart shows amounts paid to each of our non-employee directors in fiscal 2008.