Blackbaud, Inc. Non-Employee Director Compensation Policy

Summary

This document outlines the compensation policy for non-employee directors of Blackbaud, Inc. Board members receive an annual cash retainer, additional fees for attending meetings, and an annual grant of restricted stock that vests after one year. The Chairman of the Board receives a higher annual retainer and a larger stock grant. The Chairman of the Audit Committee receives an additional annual cash payment. The policy specifies the amounts and conditions for each type of compensation.

EX-10.26 2 g02842exv10w26.htm EX-10.26 Ex-10.26

Exhibit 10.26

BLACKBAUD, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION

Board Members (other than Chairman of the Board):

	•		An annual retainer of $17,500, payable in cash, for services as a member of the Board; the Chairman of the Audit Committee would receive an additional $15,000 annually for such service.

	•		$3,000 per regular meeting attended (4 regularly scheduled meetings per year).

	•		$1,000 per regular committee meeting attended (4 regularly scheduled meetings per year).

	•		$1,000 per telephonic board and/or committee meetings.

	•		An annual grant of restricted stock of the Company worth $60,000 on the date of grant vesting fully on the first anniversary of the date of grant.

Chairman of the Board:

	•		An annual retainer of $50,000, payable in cash, for service as Chairman of the Board.

	•		An annual grant of restricted stock of the Company worth $90,000 on the date of grant vesting fully on the first anniversary of the date of grant.