Document:

Avista Corporation Non-Employee Director Compensation

 Exhibit 10.32 
 Avista Corporation 
 Non-Employee Director Compensation 

(effective September 1, 2010) 
 Prior to September 1, 2010, directors who were not employees of the Company received an annual retainer of $78,000, of which a minimum of $10,000 was paid in Company common stock. Directors were also
paid $1,500 for each meeting of the Board or any Committee meeting of the Board. Directors who served as Board Committee Chairs received an additional $5,000 annual retainer, with the exception of the Audit Committee Chair, who received an
additional $10,000 annual retainer. The Lead Director received an annual retainer of $15,000. 
 In addition, any non-employee director who
served as director of a subsidiary of the Company received from the Company a meeting fee of $1,500 for each subsidiary Board meeting the director attended. Directors Anderson, Blake and Kelly hold Board positions with a subsidiary of the Company.

 Each year, the Governance Committee reviews directors’ compensation. During 2010, the Governance Committee engaged Towers Watson to
assist in this review. This information is used to compare the Company’s current director compensation with peer companies in the utility industry and general industry companies of similar size. 

At the Board’s August 13, 2010 meeting, survey results from Towers Watson were reviewed regarding current pay practices for
director compensation. Although the Company has historically targeted compensation for non-employee directors at the
50th percentile of their utility peer group, the survey
indicated that Avista director compensation was below the average. Therefore, the Board approved an increase in the director’s annual retainers as of September 1, 2010. Directors who are not employees of the Company now receive an annual
retainer of $98,000, of which a minimum of $30,000 is paid in Company common stock. No changes were made to meeting fees and Chair retainers. 

Each director is entitled to reimbursement of reasonable out-of-pocket expenses incurred in connection with meetings of the Board or its Committees and
related activities, including director education courses and materials. These expenses include travel to and from the meetings, as well as any expenses they incur while attending the meetings. 

The Company has established a minimum stock ownership expectation for all Board members. Directors are expected to achieve a minimum investment of
$200,000 or 9,500 shares, whichever is less, in Company common stock within four years of their becoming Board members and are expected to retain at least that level of investment during their tenure as Board members. Shares that have previously
been deferred under the former Non-Employee Director Stock Plan count for purposes of determining whether a director has achieved the ownership expectation. 
 The ownership expectation illustrates the Board’s philosophy of the importance of stock ownership for directors to further strengthen the commonality of interest between the Board and shareholders.
The Governance Committee annually reviews director holdings to determine whether they meet ownership expectations. All directors currently comply based on their years of service completed on the Board. 

There were no annual stock option grants or non-stock incentive plan compensation payments to directors for services in 2010 and none are currently
contemplated under the current compensation structure. The Company also does not provide a retirement plan or deferred compensation plan to its directors.Form of 2011 Annual Salary Stock Unit Award Agreement

 Exhibit 10.1 
 REGIONS FINANCIAL CORPORATION 
 Form of 2011 Annual Salary Stock Unit
Award Agreement 
 AWARD AGREEMENT dated as of the      day of February, 2011 by and between Regions
Financial Corporation and [            ]. The Company has awarded you annual salary stock units (“Salary Stock Units”) in the form of restricted stock units
(“RSUs”). This Award Agreement sets forth the terms and conditions of the RSUs underlying your Annual Salary Stock Units. 
 1. Annual Salary Stock Units. 
 (a) Beginning on the date of this Award Agreement, your
Annual Salary Stock Units will accrue and be earned equally over the course of the year, subject to your continued employment. Your Annual Salary Stock Units may be changed from time to time by the Committee, including to increase, decrease or
terminate your Annual Salary Stock Units. Your Annual Salary Stock Units will be given retroactive effect to January 1, 2011. 
 (b) On
each Grant Date you will be issued RSUs equal to (1) the amount of your Annual Salary Stock Units earned over the relevant payroll period, net of any applicable tax withholdings and deductions (e.g., FICA and FUTA) pursuant to Paragraph 4(a),
divided by (2) the closing price of a share of Common Stock on the New York Stock Exchange on that date (or, if the New York Stock Exchange is closed on the Grant Date, on the last preceding date on which the Common Stock was traded on
that exchange). 
 (c) For any Grant Date that would have occurred during the period beginning on January 1, 2011 and the date of this
Award Agreement, you are being issued RSUs on the date of this Award Agreement determined on the basis of the closing price of a share of Common Stock on the New York Stock Exchange on that date. 

2. Vesting; Settlement. 
 (a) RSUs
granted pursuant to the Award shall be immediately vested on the applicable Grant Date and will be payable solely in cash. 
 (b) RSUs granted
in respect of a Grant Date will be payable in two equal installments, on January 1, 2012 and January 1, 2013, (i.e., 50% on each of those dates) or, if earlier, your death (each, a “Payout Date”). If the New York Stock
Exchange is closed on a Payout Date, then the applicable installment will be calculated using the closing price of a share of Common Stock on the New York Stock Exchange on the last preceding date on which the Common Stock was traded on that
exchange. If a Payout Date does not occur on a regular payroll date, the payment will be made on the payroll date immediately following the relevant Payout Date, in each case, net of any applicable tax withholdings and deductions (e.g., income
taxes) pursuant to Paragraph 4(a). 
 3. Termination. Your rights in respect of future grants under the Award shall immediately terminate
if at any time your employment with the Company terminates for any reason, except that you shall be entitled to receive a final grant of RSUs determined in accordance with Paragraph 1 for any portion of your Annual Salary Stock Units that you had
accrued through the date of your termination of employment but had not yet been paid. In addition, your right to future Annual Salary Stock Units under this Award Agreement will terminate on December 31, 2011. 

4. Withholding. 
 (a) The Company will
satisfy applicable tax withholdings and make applicable deductions in respect of Annual Salary Stock Units earned by you over a payroll period and issue RSUs pursuant to Paragraph 1(b) in respect of the remainder. On each Payment Date, the Company
will satisfy any additional tax withholding applicable to the cash paid to you upon settlement of the RSUs. 
 (b) In all cases, you shall be
solely responsible for any applicable taxes (including, without limitation, income and excise taxes) and penalties, and any interest that accrues thereon, that may be incurred in connection with the issuance of RSUs and the payment of cash upon
settlement of the RSUs. 
 5. No Rights to Continued Employment; Impact on Other Plans. Nothing in this Award Agreement shall be
construed as giving you any right to continued employment by the Company or affect any right that the Company may have to terminate or alter the terms and conditions of your employment. The Company has not yet determined

 
whether, and to what extent, your Annual Stock Salary Units will be taken into account for purposes of determining benefits under other compensation and benefit plans, programs, policies and
arrangements maintained by the Company. Any such determination will be made in the sole discretion of the Company and the Company will inform you once such a determination has been made. 
 6. Amendment; Committee Discretion. The Committee may at any time amend the terms and conditions set forth in this Award Agreement; provided that, notwithstanding the foregoing, no such
amendment shall materially adversely affect your rights and obligations under this Award Agreement with respect to amounts that you have already earned and accrued without your prior written consent (or the consent of your estate, if such consent is
obtained after your death) and any such amendment shall be made in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. Any amendment of this Award Agreement shall be in writing signed by an authorized member of the
Committee or a person or persons designated by the Committee. Subject to the other provisions of this Paragraph 6, the Committee shall have full discretion with respect to any actions to be taken or determinations to be made in connection with this
Award Agreement, and its determinations shall be final, binding and conclusive. 
 7. Governing Law. THIS AWARD SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
 8. TARP
Restrictions. Compensation under this Award Agreement is subject to applicable regulations issued by the U.S. Department of the Treasury and applicable requirements of agreements between the Company and the U.S. government, as the same are in
effect from time to time. You may receive compensation under this Award Agreement only to the extent that it is consistent with those regulations and requirements. 
 9. Definitions. The following terms shall have the meanings set forth below: 

“Award” means the award of Annual Salary Stock Units pursuant to this Award Agreement. 

“Award Agreement” means this award agreement, as it may be amended, supplemented or replaced from time to time. 

“Committee” means the Compensation Committee of the Board of Directors of Regions, including any substitute or successor
committee or any action by the Board of Directors of Regions in the capacity of such committee. 
 “Common Stock” means
the common stock of Regions, par value $.01 per share, and any other securities or property issued in exchange therefor or in lieu thereof. 

“Grant Date” means each date that your base salary with the Company is payable in accordance with the
Company’s payroll practices then in effect. 
 “Regions” or the “Company” means Regions
Financial Corporation. 
 IN WITNESS WHEREOF, the Company has caused this
Award Agreement to be duly executed and delivered as of                         . 

 

	
	REGIONS FINANCIAL CORPORATION
	
	By:
	Title:

  

			
	Recipient:	  	
		
	Annual Salary Stock Units:	  	                        $     
        per year

  

					
	Agreed:	  		  	
		  	[NAME]

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