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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.
Table of Contents
This excerpt taken from the WYN DEF 14A filed Mar 17, 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.
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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