SEC Contract Filing

Filing Date: 2016-02-24

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>d112338dex106.htm
<DESCRIPTION>EX-10.6
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<TITLE>EX-10.6</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.6 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Crown Castle International Corp. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Summary of Non-Employee Director Compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Initial Equity Grant</U>.</B> Each newly appointed or elected non-employee director is granted, pursuant to the Crown Castle
International Corp. (&#147;Company&#148;) 2013 Long-Term Incentive Plan, as amended, a number of unrestricted shares of common stock of the Company (&#147;Common Stock&#148;) having a valuation equal to approximately $90,000, priced at the per share
closing price of the Common Stock as of the effective date of the director&#146;s appointment or election. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Annual Equity
Grant</U>.</B> At the Board&#146;s first regularly scheduled meeting of each year, each non-employee director is granted shares of Common Stock having a valuation equal to approximately $155,000 ($230,000 in the case of the Chairman of the Board),
priced at the per share closing price of the Common Stock as of the date of such Board meeting. On February&nbsp;18, 2016, the Board granted (1)&nbsp;1,801 shares of common stock (based upon the closing price of the Common Stock of $86.02 per share
on February&nbsp;18, 2016) to each non-employee director of the Board, other than J. Landis Martin (or a pro-rated amount thereof to any director not expected to serve past the 2016 annual meeting of stockholders) and (2)&nbsp;2,673 shares of common
stock (based upon the closing price of the Common Stock of $86.02 per share on February&nbsp;18, 2016) to J. Landis Martin for service as non-employee Chairman of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Retainers</U>.</B> Each non-employee director receives an annual retainer, paid in quarterly installments, of $75,000 (plus an
additional (1)&nbsp;$20,000 for the Chair of the Audit Committee, (2)&nbsp;$15,000 for the Chair of the Compensation Committee, (3)&nbsp;$10,000 for the Chair of each of the Nominating&nbsp;&amp; Corporate Governance Committee and Strategy
Committee, and (3)&nbsp;$5,000 for each member of the Audit Committee other than the Chair), and reimbursement of reasonable incidental expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Other Benefits</U>.</B> Each non-employee director is eligible to participate, at such director&#146;s cost and election, in the
Company&#146;s medical and dental plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Employee Directors</U>.</B> A director who is also an employee of the Company receives no
additional compensation for services as a director. </P>
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