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. |
