SEC Contract Filing

Filing Date: 2020-02-06

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ufi-ex101_88.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNIFI, INC.</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">Director Compensation Policy<font style="text-transform:none;">*</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Effective October 30, 2019)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Each director, who is considered &#8220;independent&#8221; within the meaning of the Director Independence Standards adopted by the Board of Directors (the &#8220;Board&#8221;) of Unifi, Inc. (the &#8220;Company&#8221;), which are inclusive of Section&#160;303A.02 of the New York Stock Exchange Listed Company Manual, will receive the following compensation for service on the Board<font style="color:#000000;">:</font></p>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:11pt;"><font style="font-family:Times New Roman;">$100,000 annual retainer, where up to fifty percent (50%) of such amount is payable (at the director&#8217;s election) in cash and the remainder of such amount is an equity grant payable in shares of the Company&#8217;s common stock;</font></p></td></tr></table></div>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:11pt;"><font style="font-family:Times New Roman;">$15,000 annual retainer for the Lead Independent Director, payable (at the director&#8217;s election) in cash or shares of the Company&#8217;s common stock;</font></p></td></tr></table></div>
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