ARCADIA RESOURCES, INC. BOARD OF DIRECTOR COMPENSATION FOR OCTOBER 1, 2007 TO SEPTEMBER 30, 2008, APPROVED NOVEMBER 7, 2007
Contract Categories:
Human Resources
›
Compensation Agreements
EX-10.1 2 v094160_ex10-1.htm
EXHIBIT 10.1
ARCADIA RESOURCES, INC.
BOARD OF DIRECTOR COMPENSATION FOR OCTOBER 1, 2007 TO
SEPTEMBER 30, 2008, APPROVED NOVEMBER 7, 2007
| Annual Board Retainer (per Director) | $25,000 |
| Annual Committee Chair Retainers: --Audit Committee Chair --Compensation Committee Chair --Nominating and Governance Committee Chair | $15,000 $10,000 $10,000 |
| Annual Audit Committee Member Retainer (per Committee Member) | $5,000 |
| Annual Fee for Board and Committee Meeting Attendance (per Director) | $22,500 |
The above-referenced compensation arrangements are for outside non-employed directors only. All compensation is payable in options to purchase shares of the Company’s common stock, with the number of options determined by the Black-Scholes or other modeling technique. Options vest quarterly and are subject to forfeiture per existing director compensation agreements. The total annual fee for Board and Committee meeting attendance may be lower for certain directors depending on committee assignments and includes $5,000 for attendance at additional meetings of the outside directors before October 1, 2007.
