This excerpt taken from the RYN DEF 14A filed Mar 29, 2006.
Each non-management director currently receives an annual retainer of $35,000 in cash plus an annual award of 1,000 Common Shares. They also receive a fee of (i) $2,000 per Board meeting attended; (ii) $1,500 per Committee meeting attended; (iii) an additional $500 per Committee meeting chaired; (iv) $2,000 for each business trip taken to one of the Companys facilities for a business purpose other than a Board or Committee meeting; and (v) $2,000 for any other business trip taken at the request of management; provided, however, that the fee for a directors telephonic participation in a non-telephonic meeting of the Board or any Committee is one-half the otherwise applicable fee. Mr. Nutter, as an employee of Rayonier, is not compensated for service on the Board or its Committees.
Each year The Rayonier Foundation, a tax-exempt charitable foundation funded by the Company (the Foundation), makes a $1,000 contribution in the name of each director to a charity of the directors choice.
Mr. Gross has provided consulting services to the Board under a Consulting Agreement since January 1, 1999. Under this Agreement, he is paid an annual retainer of $50,000 for as long as he remains a director.