Summary of Cash Compensation for Directors of Apex
This document outlines the cash compensation paid to Apex's board of directors. Non-employee directors receive $5,000 per fiscal quarter for board service. Directors serving as chairman of the board or as chairman of the audit, compensation, or nominating and corporate governance committees receive an additional $5,000 per year for each such role. The chairman of the audit committee receives an extra $10,000 per year. Directors are also reimbursed for reasonable travel and related expenses incurred while attending board and committee meetings.
EXHIBIT 10.1
SUMMARY OF CASH COMPENSATION FOR DIRECTORS
The following cash compensation is paid to members of our board of directors: (1) each of our non-employee directors receives a fee of $5,000 per fiscal quarter for serving on the board of directors, (2) each of our directors who serves as the chairman of the board or as the chairman of the audit committee, compensation committee or nominating and corporate governance committee of the Board receives an additional $5,000 per year for each such position held; and (3) the chairman of the audit committee of the board receives an additional $10,000 per year. Directors are reimbursed for reasonable travel and other expenses incurred in connection with attending meeting of the board of directors and its committees.
