Exhibit 10.1


United Stationers Inc.


Executive Summary of Board of
Directors Compensation


(approved as of 7/27/06 with an
effective date of 9/1/06)


 


	
   

  During 2006 the Board of Directors of United
  Stationers Inc., upon recommendation by the Governance Committee, approved
  certain adjustments to the overall compensation paid to Board members.
  Following is a summary of the forms and levels of compensation to be provided
  to Directors from September 1, 2006.

   

  



	
   

  Director Compensation Component

   

  	
   

  	
  2006 Amount

   

  	
   

  	
  Comment

   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Annual Retainer

  	
   

  	
  $60,000 annual rate

  	
   

  	
  Unchanged from 2005

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Board Meeting Fees

  	
   

  	
   

  	
   

  	
   

  
	
  ·  In person

  	
   

  	
  $4,000 per meeting

  	
   

  	
  Unchanged from 2005

  
	
  ·  Telephonic

  	
   

  	
  $1,000 per meeting

  	
   

  	
  Unchanged from 2004.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Committee Meeting Fees

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Held in connection with a Board meeting

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Held by teleconference

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  —  Audit Committee Chairman

  	
   

  	
  $2,500 per meeting

  	
   

  	
  Unchanged from 2005

  
	
  —  Other Committee Chairmen

  	
   

  	
  $2,000 per meeting

  	
   

  	
  Increased in 2006 from $1,000

  
	
  —  Other non-employee members

  	
   

  	
  $500 per meeting

  	
   

  	
  Unchanged from 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  In-person meeting not held in connection
  with a Board meeting

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  —  Audit Committee Chairman

  	
   

  	
  $2,500

  	
   

  	
  Unchanged from 2005

  
	
  —  Other Committee Chairmen

  	
   

  	
  $2,000 per meeting

  	
   

  	
  Increased in 2006 from $1,500

  
	
  —  Other non-employee members

  	
   

  	
  $1,000 per meeting

  	
   

  	
  Unchanged from 2004

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Deferred Compensation

  	
   

  	
  N/A

  	
   

  	
  Allows for deferrals of all or a portion (but not
  less than 50%) of the annual retainer and meeting fees into stock units. Such
  stock units are paid out after cessation of service as a Director.

  



 



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  Director Compensation Component

   

  	
   

  	
  2006 Amount

   

  	
   

  	
  Comment

   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Equity Compensation

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Chairman of the Board

  	
   

  	
  Approximately $85,000

  	
   

  	
  Options to be granted on September 1, 2006 will be
  for the number of shares having an economical value of $85,000 based upon the
  closing price of the Company’s Common Stock on September 1, 2006. Options
  vest in substantially equal installments over 3 years. Remains unchanged from
  2005.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Other non-employee directors

  	
   

  	
  Approximately $75,000

  	
   

  	
  Options to be granted on September 1, 2006 will be
  for the number of shares having an economical value of $75,000 based upon the
  closing price of the Company’s Common Stock on September 1, 2006. Options
  vest in substantially equal installments over 3 years. Remains unchanged from
  2005.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Reimbursement

  	
   

  	
  Reasonable travel-related expenses

  	
   

  	
  Directors are reimbursed for reasonable
  travel-related expenses incurred in connection with their attendance at Board
  meetings, Committee meetings, and certain Company events. In addition, the
  Company encourages their periodic attendance at accredited “Directors’
  Colleges” at Company expense.

  
	
   

  	
   

  	
   

  	
   

  	
   

  



 



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