Exhibit 10.24

 

 

ROYAL CARIBBEAN CRUISES LTD

CURRENT BOARD OF DIRECTOR COMPENSATION SCHEDULE

 

 

 

 

 

Cash Compensation

 

Annual

 

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Annual Retainer

 

$

45,000

 

Board Per Meeting Fees

 

$

1,200

 

Audit Committee Chairman Retainer

 

$

20,000

 

Compensation Committee Retainer

$

10,000

 

Other Committee Chairman Retainer

 

$

6,000

 

Audit Committee Member Retainer

 

$

10,000

 

Other Committee Member Retainer

 

$

3,000

 

Committee Per Meeting Fees

 

$

1,200

 

Annual Total Cash Compensation Cap

 

$

100,000

 

 

At the discretion of the Board, each non-employee director is eligible to
receive an annual grant of equity awards with an aggregate value on the date of
grant equal to $70,000. Sixty-seven percent of this annual grant is awarded in
the form of restricted stock units and thirty-three percent is awarded in the
form of options to purchase the Company's common stock.

 

The Company provides Board members with one passenger cabin, upon request, on a
complimentary basis. Immediate family traveling with Board members will also
receive a “family rate” of $40 per person per day. Non-family guests of Board
members may purchase the cabin of their choice at a 25% reduction of the “lowest
available fare” at time of booking.