Summary of Director Compensation for Assisted Living Concepts, Inc.
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Summary
Assisted Living Concepts, Inc. outlines compensation for its non-employee directors. These directors receive an annual retainer of $15,000, plus fees for attending meetings: $1,500 for each in-person Board or committee meeting and $500 for each telephonic meeting. The Board chairman and vice chairman receive higher annual retainers of $50,000 and $25,000, respectively. Committee chairs receive additional annual retainers, with the Audit Committee chair receiving $15,000 and other committee chairs $10,000. Directors are also reimbursed for expenses related to meeting attendance.
EX-10.8 6 c13618exv10w8.htm SUMMARY OF DIRECTOR COMPENSATION exv10w8
ASSISTED LIVING CONCEPTS, INC.
EXHIBIT 10.8
SUMMMARY OF DIRECTOR COMPENSATION
Directors who are not employees of Assisted Living Concepts, Inc. are paid an annual retainer of $15,000 per year, a fee of $1,500 for each Board and committee meeting they attend, and $500 for each telephonic Board or committee meeting they attend. In addition, the annual retainer for the Board chairman is $50,000 and the annual retainer for the vice chairman is $25,000. The annual retainer for the chair of the Audit Committee is an additional $15,000 and the annual retainer for the other committee chairs is an additional $10,000. Directors are reimbursed for expenses incurred in connection with attending Board and committee meetings.
