Exhibit 10.2
EQUITY COMMONWEALTH
Schedule of Annual Independent Trustee Fees and Other Compensation
The independent trustees of Equity Commonwealth are entitled to the following annual compensation effective June 13, 2023:
Annual Retainer - Cash | $70,000 | |||||||
Annual Retainer - Equity Awards | Each independent trustee will receive, at the trustee's option, restricted common shares of EQC or time-based LTIP units in EQC Operating Trust, with a value of $120,000 on an annual basis, which shares or units will vest on the one-year anniversary of the grant date. | |||||||
Lead Trustee Annual Retainer | $45,000 | |||||||
Audit Committee Chair Annual Retainer | $25,000 | |||||||
Compensation Committee Chair Annual Retainer | $16,250 | |||||||
Nominating and Corporate Governance Committee Chair Annual Retainer | $15,000 | |||||||
Audit Committee Member | $12,500 | |||||||
Compensation Committee Member | $7,500 | |||||||
Governance Committee Member | $7,500 | |||||||
Reimbursements | Each independent trustee will be entitled to reimbursement for travel expenses related to a Board or Committee meeting. |