AmNet Mortgage, Inc. Non-Employee Directors Compensation Summary

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation plan for non-employee directors of AmNet Mortgage, Inc. Directors receive an annual retainer, additional fees for serving as committee chairs, and meeting fees based on attendance and format. They are also compensated at an hourly rate for certain board or committee work. Additionally, directors receive annual stock options and restricted stock awards, both with a one-year vesting period. The agreement specifies the amounts and conditions for each type of compensation.

Read More Arrow
EX-10.37 12 a4858777ex-1037.txt EXHIBIT 10.37 Exhibit 10.37 AMNET MORTGAGE, INC. NON-EMPLOYEE DIRECTORS COMPENSATION SUMMARY
- --------------------------------------------------------------------- --------------------- Compensation Type of Compensation Amount - --------------------------------------------------------------------- --------------------- Annual Retainer - Board $22,000 - --------------------------------------------------------------------- --------------------- Annual retainer - Committee chair o Audit $5,000 o Other committees $3,000 - --------------------------------------------------------------------- --------------------- Meeting fees - o Regular Board, in person $1,200 o Regular Board, telephonic $600 o Audit Committee, in person $1,800 o Special Board/committee, in person $1,000 o Special Board/committee telephonic $500 - --------------------------------------------------------------------- --------------------- Hourly rate for time spent on Board or Committee matters other than $250 in preparation for regularly scheduled Board or Committee meetings - --------------------------------------------------------------------- --------------------- Annual stock awards - one year vesting Annual Options- 3,300 Annual Restricted Stock Award - 2,300 - --------------------------------------------------------------------- ---------------------