EX-10 13 ex10_24.htm EXHIBIT 10.24 BOD COMPENSATION SCHEDULE

 

Exhibit 10.24

 

 

ROYAL CARIBBEAN CRUISES LTD

CURRENT BOARD OF DIRECTOR COMPENSATION SCHEDULE

 

 

 

 

 

Cash Compensation

 

Annual

 


 


 

Annual Retainer

 

$

45,000

 

Board Per Meeting Fees

 

$

1,200

 

Audit Committee Chairman Retainer

 

$

20,000

 

Compensation Committee Retainer

$

10,000

 

Other Committee Chairman Retainer

 

$

6,000

 

Audit Committee Member Retainer

 

$

10,000

 

Other Committee Member Retainer

 

$

3,000

 

Committee Per Meeting Fees

 

$

1,200

 

Annual Total Cash Compensation Cap

 

$

100,000

 

 

At the discretion of the Board, each non-employee director is eligible to receive an annual grant of equity awards with an aggregate value on the date of grant equal to $70,000. Sixty-seven percent of this annual grant is awarded in the form of restricted stock units and thirty-three percent is awarded in the form of options to purchase the Company's common stock.

 

The Company provides Board members with one passenger cabin, upon request, on a complimentary basis. Immediate family traveling with Board members will also receive a “family rate” of $40 per person per day. Non-family guests of Board members may purchase the cabin of their choice at a 25% reduction of the “lowest available fare” at time of booking.