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Director Compensation Policy
Free director compensation policy template — establishes how a company's board members are paid for their service.
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This free director compensation policy covers Purpose, Cash Compensation, Equity Compensation, Meeting Fees (if applicable), Expense Reimbursement with 10 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Director Compensation Policy
Company: [Company Name] · Effective Date: [Date]
Purpose
This policy establishes standard compensation for non-employee members of the Board of Directors.
Cash Compensation
Annual retainer: [Amount], paid [Quarterly/Annually]. Additional compensation: [ ] Committee chair: [Amount] · [ ] Committee member: [Amount] · [ ] Board chair: [Amount]
Equity Compensation
[Number] of [stock options/RSUs] granted upon appointment, vesting over [Schedule], plus an annual grant of [Amount/Number] thereafter.
Meeting Fees (if applicable)
[$Amount] per meeting attended in person, [$Amount] for telephonic/virtual attendance.
Expense Reimbursement
Directors are reimbursed for reasonable travel and other expenses incurred in connection with Board service, per Company's standard expense policy.
Review
This policy is reviewed [Annually] by the Compensation Committee against comparable company benchmarks.
Approved by: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Public companies must disclose director compensation in proxy statements, and even private companies benefit from a written policy — it prevents ad hoc negotiations with each new director and gives the Compensation Committee a documented, defensible basis for the amounts paid.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 6 standard sections: Purpose, Cash Compensation, Equity Compensation, Meeting Fees (if applicable), Expense Reimbursement, Review
- 10 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this director compensation policy template really free?
Yes. Like every template in docstoc's library, this director compensation policy is free to use, with no account or signup needed to view, edit, or download it.
What does this director compensation policy cover?
This business template includes Purpose, Cash Compensation, Equity Compensation, Meeting Fees (if applicable). Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Templates like this cover the common ground most businesses need, but they can't anticipate your specific deal terms, jurisdiction, or industry rules. Treat it as a first draft to build from, and get a business attorney's eyes on it before signing anything that matters.
Can I edit the wording?
Yes. All 10 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
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