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These excerpts taken from the TNH 10-K filed Mar 5, 2009. 2008 Director
Cash Compensation
In 2008, each non-employee director of TNGP received an annual
retainer of $30,000 (paid quarterly) and board and committee
meeting fees of $1,400 per meeting attended. Mr. Longmire
received an additional annual cash retainer of $10,000 (paid
quarterly) for serving as Chairman of the Audit
Table of Contents
Committee. Mr. Sands received an additional annual cash
retainer of $2,500 (paid quarterly) for serving as Chairman of
the Nominating and Corporate Governance Committee.
Mr. Bennett and Mr. Greenwell serve on the TNGP Board
and are employees of Terra, and therefore receive no additional
compensation for serving on the TNGP Board. Mr. Meyer was
both a director of TNGP and an employee of Terra until his
retirement on April 4, 2008, and as such did not receive
any additional compensation for serving on the TNGP Board until
his employment with Terra ended.
In 2009, the directors of TNGP will receive the same levels of
cash compensation that they received in 2008.
2008 Director Cash Compensation In 2008, each non-employee director of TNGP received an annual retainer of $30,000 (paid quarterly) and board and committee meeting fees of $1,400 per meeting attended. Mr. Longmire received an additional annual cash retainer of $10,000 (paid quarterly) for serving as Chairman of the Audit
Table of ContentsCommittee. Mr. Sands received an additional annual cash retainer of $2,500 (paid quarterly) for serving as Chairman of the Nominating and Corporate Governance Committee. Mr. Bennett and Mr. Greenwell serve on the TNGP Board and are employees of Terra, and therefore receive no additional compensation for serving on the TNGP Board. Mr. Meyer was both a director of TNGP and an employee of Terra until his retirement on April 4, 2008, and as such did not receive any additional compensation for serving on the TNGP Board until his employment with Terra ended. In 2009, the directors of TNGP will receive the same levels of cash compensation that they received in 2008. These excerpts taken from the TNH 10-K filed Feb 28, 2008. 2008 Director
Cash Compensation
On October 22, 2007, the TNGP Board voted to increase the
retainer and meeting fees for non-employee directors of TNGP,
effective January 1, 2008. The new amounts are as follows
(all payable quarterly):
2008 Director Cash Compensation On October 22, 2007, the TNGP Board voted to increase the retainer and meeting fees for non-employee directors of TNGP, effective January 1, 2008. The new amounts are as follows (all payable quarterly):
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