Annual Amount
EX-10.19 2 exh1019sumboardcompensatio.htm EXHIBIT 10.19 EXH1019SUMBOARDCOMPENSATIONRev
Exhibit 10.19
Summary of Board of Directors Compensation as of August 16, 2013
Compensation Element | Annual Amount | ||||
Cash Compensation | |||||
Annual Board Member Retainer | $18,000 | ||||
Board Chair Retainer (Additional) | $12,000 | ||||
Committee Chair Retainers | |||||
Audit | $6,000 | ||||
Compensation | $6,000 | ||||
Nominating and Corporate Governance | $4,000 | ||||
Strategy & Acquisition | $4,000 | ||||
Committee Member Retainers | |||||
Audit | $4,000 | ||||
Compensation | $2,000 | ||||
Nominating and Corporate Governance Committee | $1,000 | ||||
Strategy & Acquisition Committee | $1,000 | ||||
Equity Compensation | |||||
Initial Equity Grant | 10,000 shares (1) | ||||
Annual Equity Grant | 6,000 shares (2) | ||||
(1) | 50% vests at first annual meeting of stockholders following |
appointment and 50% vests at second annual meeting of stockholders
following appointment.
(2) | 100% vests at next annual meeting of stockholders. |
