USA Retirement Plan for Outside Directors

Set up a Retirement Plan for Outside Directors for a US company with this ready-made template.

• The Plan is intended as an incentive to better align the interests of the company's outside directors with those of its shareholders and provide the directors with retirement income through the redemption of a retiring Director's stock holdings.
• Outside Directors are compensated based on the performance of the company's Common Stock and is payable when a director reaches 70 years of age.
• Performance Periods shall be the 5 consecutive fiscal years commencing on the date Performance Shares are granted to the director, with a new Performance Period commencing on the first day of each fiscal year.
• The Company shall establish and maintain a deferral account on behalf of each Director, to which the applicable amount will be deposited at the end of each Performance Period.

This USA Retirement Plan for Outside Directors is provided in MS Word format, and is fully editable to fit your specific circumstances.