Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan with Copy of Plan

• Category: Corporations - Public - Directors
• State: Multi-State
• County: Riverside
• Control #: US-CC-14-175B
• Format: Word; Rich Text

Description

This is a Proposal to Approve a Non-Employee Directors' Retainer Fee Plan, to be used across the United States. It is to be used as a model only, and should be modified to fit your individual needs. Title: Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan with Copy of Plan Keywords: Riverside California, Proposal, Nonemployee Directors, Retainer Fee Plan, Copy of Plan Introduction: The city of Riverside, California, is considering a proposal to approve a comprehensive Nonemployee Directors' Retainer Fee Plan. This plan aims to provide fair compensation and incentives to nonemployee directors who serve on various boards and committees within the city's administrative structure. In this article, we will delve into the key aspects of the Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan and provide information on its multiple variants. 1. Objectives of the Riverside California Nonemployee Directors' Retainer Fee Plan: The primary goal of this proposal is to design a competitive compensation package to attract and retain highly qualified individuals to serve on the various boards and committees within the city's administration. The plan aims to recognize the vital role these nonemployee directors play in shaping Riverside's governance and decision-making processes. 2. Components of the Riverside California Nonemployee Directors' Retainer Fee Plan: a) Base Retainer Fee: The plan outlines a base retainer fee to be paid to each nonemployee director, acknowledging their time, expertise, and contributions to the city. This fee is meant to compensate for attendance at regular meetings, preparation time, and ongoing engagement throughout the year. b) Committee Meeting Fees: The proposal also addresses the provision of additional compensation in the form of committee meeting fees, recognizing the extra time and effort nonemployee directors invest beyond regular board meetings. These fees will be granted for each committee meeting attended. c) Mileage and Expense Reimbursement: The plan highlights the eligibility of nonemployee directors to claim mileage reimbursement and reasonable expenses incurred during official duties. 3. Types of Riverside California Nonemployee Directors' Retainer Fee Plans: a) General Board Nonemployee Directors' Retainer Fee Plan: This variant applies to nonemployee directors involved in general board functions, such as city planning, budget oversight, and policy development. b) Specialized Committee Nonemployee Directors' Retainer Fee Plan: This proposal encompasses committees with specific focus areas, like environmental sustainability, cultural affairs, public health, and infrastructure development. Directors serving on these committees will receive additional compensation as per the outlined plan. c) Economic Development Board Nonemployee Directors' Retainer Fee Plan: This specialized proposal targets nonemployee directors involved in stimulating economic growth, attracting investments, and fostering business development within Riverside. They will receive a unique retainer fee plan designed to align with the demands and objectives of economic development efforts. Conclusion: The Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan presents a comprehensive approach to compensate and incentivize nonemployee directors who contribute their valuable insights and expertise to various boards and committees within the city's administrative structure. By offering competitive compensation packages, Riverside aims to attract highly qualified individuals committed to the city's growth and sustainable development.

Title: Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan with Copy of Plan Keywords: Riverside California, Proposal, Nonemployee Directors, Retainer Fee Plan, Copy of Plan Introduction: The city of Riverside, California, is considering a proposal to approve a comprehensive Nonemployee Directors' Retainer Fee Plan. This plan aims to provide fair compensation and incentives to nonemployee directors who serve on various boards and committees within the city's administrative structure. In this article, we will delve into the key aspects of the Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan and provide information on its multiple variants. 1. Objectives of the Riverside California Nonemployee Directors' Retainer Fee Plan: The primary goal of this proposal is to design a competitive compensation package to attract and retain highly qualified individuals to serve on the various boards and committees within the city's administration. The plan aims to recognize the vital role these nonemployee directors play in shaping Riverside's governance and decision-making processes. 2. Components of the Riverside California Nonemployee Directors' Retainer Fee Plan: a) Base Retainer Fee: The plan outlines a base retainer fee to be paid to each nonemployee director, acknowledging their time, expertise, and contributions to the city. This fee is meant to compensate for attendance at regular meetings, preparation time, and ongoing engagement throughout the year. b) Committee Meeting Fees: The proposal also addresses the provision of additional compensation in the form of committee meeting fees, recognizing the extra time and effort nonemployee directors invest beyond regular board meetings. These fees will be granted for each committee meeting attended. c) Mileage and Expense Reimbursement: The plan highlights the eligibility of nonemployee directors to claim mileage reimbursement and reasonable expenses incurred during official duties. 3. Types of Riverside California Nonemployee Directors' Retainer Fee Plans: a) General Board Nonemployee Directors' Retainer Fee Plan: This variant applies to nonemployee directors involved in general board functions, such as city planning, budget oversight, and policy development. b) Specialized Committee Nonemployee Directors' Retainer Fee Plan: This proposal encompasses committees with specific focus areas, like environmental sustainability, cultural affairs, public health, and infrastructure development. Directors serving on these committees will receive additional compensation as per the outlined plan. c) Economic Development Board Nonemployee Directors' Retainer Fee Plan: This specialized proposal targets nonemployee directors involved in stimulating economic growth, attracting investments, and fostering business development within Riverside. They will receive a unique retainer fee plan designed to align with the demands and objectives of economic development efforts. Conclusion: The Riverside California Proposal to Approve Nonemployee Directors' Retainer Fee Plan presents a comprehensive approach to compensate and incentivize nonemployee directors who contribute their valuable insights and expertise to various boards and committees within the city's administrative structure. By offering competitive compensation packages, Riverside aims to attract highly qualified individuals committed to the city's growth and sustainable development.