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Calix, Inc. Non-Employee Director Cash Compensation Policy, as amended August 11, 2021
Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 exhibit101non-employeedire.htm EX-10.1 Document
Non-Employee Director Cash Compensation Policy, as amended August 11, 2021
1.General. This Non-Employee Director Cash Compensation Policy (“Policy”) was adopted by the Board of Directors (“Board”) of Calix, Inc. (“Company”) on August 11, 2021 and is effective as of July 26, 20211.
2.Annual Cash Compensation. Each member of the board who is not employed by the Company or one of its affiliates shall be entitled to an annual retainer with the amount determined as follows (the net sum for each director, his or her “Annual Retainer”):
Board and Committee Chair Service (in addition to Base Retainer)
|Lead Independent Director||$25,000|
|Audit Committee Chair||$35,000|
|Compensation Committee Chair||$20,000|
|Nominating and Corporate Governance Committee Chair||$10,000|
|Cybersecurity Committee Chair||$10,000|
|Strategic Committee Chair||$10,000|
Non-Chair Committee Service (in addition to Base Retainer)
|Nominating and Corporate Governance Committee||$5,000|
3.Timing of Payment. Annual Retainers shall be paid in quarterly installments in arrears, generally during the first week of the Company’s fiscal quarter following the quarter of service. Installments will be pro-rated for any partial period of service.
4.Policy Subject to Amendment, Modification and Termination. This Policy may be amended, modified or terminated by the Board at any time in the future at its sole discretion.
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1 The Company’s Lead Independent Director was appointed on July 26, 2021.