WYN » Topics » Compensation of Directors

This excerpt taken from the WYN DEF 14A filed Apr 2, 2009.
Compensation of Directors
 
Non-employee directors receive compensation for Board service designed to compensate directors for their Board responsibilities and align their interests with the long-term interests of shareholders. An employee director receives no additional compensation for Board service.


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Table of Contents

The following table describes compensation for non-employee directors for 2008.
 
Compensation of Directors
 
Non-employee directors receive compensation for Board service designed to compensate directors for their Board responsibilities and align their interests with the long-term interests of shareholders. An employee director receives no additional compensation for Board service.
 
The following table describes compensation for non-employee directors for 2007.
 
This excerpt taken from the WYN DEF 14A filed Mar 13, 2007.
Compensation of Directors
 
In July 2006, we separated from Cendant Corporation (now Avis Budget Group) in a spin-off and became a stand-alone public company. Compensation paid to our non-employee directors in 2006 was determined by Cendant prior to the spin-off.
 
Non-employee directors receive compensation for Board service designed to compensate directors for their Board responsibilities and align their interests with the long-term interests of shareholders. An employee director receives no additional compensation for Board service.
 
In connection with the spin-off, on August 1, 2006 our non-employee directors received new director equity grants in the form of deferred stock units. Each deferred stock unit entitles the director to receive one share of common stock following retirement or termination of service from our Board for any reason. Directors may not sell or receive value from any deferred stock unit prior to termination of service. The number of units granted equaled $75,000, the grant date fair value, divided by $31.85, the fair market value of a share of our common stock as of the close of business on the grant date.


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Table of Contents

 
The following table describes compensation for non-employee directors for 2006. The amounts reported include compensation paid to the directors in their capacity as directors of Cendant prior to the spin-off.
 

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