EX-10.40 Cash Compensation for Non-Management Director Of Aspect Medical Systems, Inc
EX-10.40 3 b53273amexv10w40.txt EX-10.40 CASH COMPENSATION FOR NON-MANAGEMENT DIRECTOR OF ASPECT MEDICAL SYSTEMS, INC. Exhibit 10.40 CASH COMPENSATION FOR NON-MANAGEMENT DIRECTOR OF ASPECT MEDICAL SYSTEMS, INC. No Director who also serves as an employee receives separate compensation for services rendered as a director. Below is a summary of cash compensation that we pay to our non-employee directors: TYPE OF FEE AMOUNT FOR EACH ----------- ------ -------- Annual retainer $ 10,000 Year of service Audit Committee Chair $ 8,000 Year of service Compensation Committee Chair $ 4,000 Year of service Corporate Governance and Nominating Committee Chair $ 4,000 Year of service Attendance $ 1,500 Board meeting attended in person $ 500 Board meeting attended by conference telephone $ 1,000 Audit committee meeting attended in person $ 500 Audit committee meeting attended by conference telephone $ 1,000 Compensation committee meeting attended in person $ 500 Compensation committee meeting attended by conference telephone $ 1,000 Corporate governance and nominating committee meeting attended in person $ 500 Corporate governance and nominating committee meeting attended by conference telephone
Aspect also reimburses non-employee directors for reasonable travel and out-of-pocket expenses incurred in connection with their service as directors.
