Non-Employee Director Compensation

by Convex Computer
November 1st, 2007

Exhibit 10.111

Non-Employee Director Compensation

 

Element of Compensation

   Dollar Value  

Annual Board Retainer:

   $ 80,000  

Annual Committee Chair Retainer (other than Audit Committee):

   $ 7,500  

Annual Audit Committee Chair Retainer:

   $ 15,000  

Annual Audit Committee Member Retainer (other than Audit Committee Chair):

   $ 7,500  

Annual Equity Award:

   $ 95,000  (in restricted stock units)

Stock Ownership Guidelines: Each director must hold three (3) times the “Annual Board Retainer” in CONSOL Energy Inc.’s common stock (including any securities convertible or exercisable into its common stock (excluding stock options)) after five (5) years of service on the Board.