Exhibit
10(ll)
FPL
GROUP, INC.
NON-EMPLOYEE
DIRECTOR COMPENSATION SUMMARY
(effective
January 1, 2010)
|
Annual
Retainer
(payable
quarterly in common stock or cash)
|
$50,000
|
|
Board
or Committee meeting fee
|
$2,000/meeting
|
|
Audit
Committee Chair retainer (annual)
(payable
quarterly)
|
$15,000
|
|
Other
Committee Chair retainer (annual)
(payable
quarterly)
|
$10,000
|
|
Annual
grant of restricted stock
(under
Non-Employee Directors Stock Plan)
|
that
number of shares
determined
by
dividing
$110,000 by
closing
price of FPL
Group
common stock
on
effective date of
grant (rounded up
to
the
nearest 10 shares)
|
|
Miscellaneous
|
-
Travel and Accident
Insurance
while on
Company
business.
-
Certain directors
accrue
dividends and
interest
on the
phantom
stock units
granted
to them upon
the
termination of the
Non-Employee
Director
Retirement
Plan
in 1996.
-
Travel and related
expenses
while on
Board
business are
paid
or reimbursed by
the
Company.
Directors
may travel
on
Company aircraft
in
accordance with
the
Company’s
Aviation
Policy
(primarily
to or from
Board
meetings and
while
on Board
business;
in limited
circumstances
for
other
reasons).
-
Directors may
participate
in the
Company’s
Deferred
Compensation
Plan.
-
Directors may
participate
in the
Company’s
matching
gift
program, which
matches
gifts to
educational
institutions
to a
maximum
of $10,000
per
donor.
|