Proxy-12-28-2020 - Report - Page 19
EXPENSE REIMBURSEMENT
Non-employee directors are reimbursed for travel and other out-of-pocket expenses in the performance of their duties.
INDEMNIFICATION AGREEMENTS
Moog has indemnification agreements with our directors. These agreements provide that directors are covered under our
directors and officers liability insurance, which indemnifies directors to the extent permitted by law and allows for the advance of
funds to directors to cover expenses subject to reimbursement if it is later determined indemnification is not permitted.
DEFERRED COMPENSATION PLAN
This plan allows non-employee directors to defer all or part of the director’s cash fees. Directors deferring cash fees must notify
the Company of any changes to the elections to defer fees for a calendar year by the end of the preceding calendar year, with new
directors having 30 days to make such an election. Directors deferring cash fees accrue interest monthly at the average of the six
month Treasury bill rate. During fiscal year 2020, two directors participated in this plan. The table below shows the amounts deferred
for fiscal year 2020.
Name
Janet M. Coletti
William G. Gisel, Jr.
Peter J. Gundermann
2020 Fees
Percent Deferred
Payment of Deferred
Fees from Prior Years
—
—
100%
—
—
—
100%
—
R. Bradley Lawrence
—
—
Brian J. Lipke
—
—
Brenda L. Reichelderfer
—
—
Kraig H. Kayser
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