SEC Contract Filing

Filing Date: 2021-05-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exhibit101-q4f2021director.htm
<DESCRIPTION>EXHIBIT 10.1 - DIRECTOR COMPENSATION SUMMARY
<TEXT>
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<title>Document</title></head><body><div id="i6f55192341c4481eb9600470e5a6220f_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.1</font></div></div><div style="text-align:right"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Director Compensation </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The members of the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) who are not employees of the Company (the &#8220;Non-Employee Directors&#8221;) receive (i) an annual retainer of $50,000, (ii) an award of restricted share units with a grant date value of $50,000 granted annually on the date of the Company&#8217;s Annual General Meeting of Shareholders (with $25,000 of the value based on the closing price of the Company&#8217;s Class A voting common shares and $25,000 of the value based the Company&#8217;s Class B non-voting common shares, on the last trading day prior to the grant date and the number of units rounded to the nearest whole unit) (which award may instead be granted by the Board as a fixed amount of cash vesting in</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">annual installments over three years following the date of grant) and (iii) the other retainers and fees set forth in the table below. The restricted share units vest in annual installments over three years following the date of grant and are paid in an equivalent number of the Company&#8217;s Class A voting common shares and the Company&#8217;s Class B non-voting common shares. Pursuant to the Company&#8217;s policies, directors are also reimbursed for reasonable expenses incurred in the performance of their duties.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:92.307%"><tr><td style="width:1.0%"></td><td style="width:47.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:50.289%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#8db3e2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Type of Compensation</font></td><td colspan="3" style="background-color:#8db3e2;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Amount of Compensation</font></td></tr><tr style="height:21pt"><td colspan="3" style="background-color:#b8cce4;border-top:3pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#b8cce4;border-top:3pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Annual Retainer</font></td><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">$50,000</font></td></tr><tr><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Audit &#38; Risk Committee Chair Retainer</font></td><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">$15,000</font></td></tr><tr><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Other Committee Chair Retainer</font></td><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">$10,000</font></td></tr><tr><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Committee Meeting Retainer </font></td><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">$1,400 per meeting</font></td></tr><tr><td colspan="3" style="background-color:#b8cce4;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New R