Aspen Technology, Inc. Director Compensation Policy
Aspen Technology, Inc. sets out its compensation policy for non-employee directors in this agreement. Non-employee directors receive an annual fee of $25,000, plus additional retainers for specific roles such as Chairman of the Board or committee chairs and members. Directors are also paid fees for attending board and committee meetings. All payments are made in regular installments. The board of directors may modify this policy at any time.
EXHIBIT 10.43
ASPEN TECHNOLOGY, INC. DIRECTOR COMPENSATION POLICY
We shall pay our non-employee directors an annual fee of $25,000 for their services as directors, and we shall pay retainers as set forth in the table below. All annual retainers shall be payable in monthly installments.
|
| Position |
| Retainer |
|
| |
|
| Chairman of the Board |
| $ | 75,000 |
|
|
|
| Audit Committee Chair |
| 30,000 |
|
| |
|
| Audit Committee Member |
| 20,000 |
|
| |
|
| Compensation Committee Chair |
| 15,000 |
|
| |
|
| Compensation Committee Member |
| 7,500 |
|
| |
We shall also pay each director $2,500 for participation in our quarterly board meetings, and $2,000 for participation in all other board of directors or committee meetings of at least one hour duration. All participation fees shall be payable quarterly.
The foregoing policy may be modified by the board of directors at any time.
