Brocade Communications Systems, Inc. Director Cash Compensation Plan (Amended and Restated February 2, 2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the cash compensation plan for directors of Brocade Communications Systems, Inc. Directors receive an annual retainer of $25,000, with additional payments for serving as Independent Chairman, committee chairs, or committee members. Extra fees are paid for attending committee meetings, either in person or by phone. The plan was amended on February 2, 2006, to set the Independent Chairman's annual compensation at $30,000. The agreement specifies the structure and amounts of director compensation but does not include other terms or conditions.

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EX-10.5 6 f18060exv10w5.htm EXHIBIT 10.5 exv10w5  

Exhibit 10.5
BROCADE COMMUNICATIONS SYSTEMS, INC.
DIRECTOR CASH COMPENSATION PLAN
(Amended and Restated on February 2, 2006*)
Annual retainer fees — $25,000 per year, plus
–   Independent Chairman of the Board — $30,000
 
–   Audit Committee Chair — $5,000
 
–   Audit Committee member — $10,000
 
–   Compensation Committee Chair — $5,000
 
–   Compensation Committee member — $5,000
 
–   Nominating/Governance Committee chair — $5,000
 
–   Nominating/Governance Committee member — $5,000
Additional fees per committee meeting:
In person — $1,500
By telephone — $1,000
*   The Amendment on February 2, 2006 set the annual cash compensation for the “Independent Chairman of the Board” at $30,000.