Capital Lease Funding, Inc. Summary of Compensation to Independent Directors
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EX-10.38 9 v067748_ex10-38.htm Unassociated Document
Exhibit 10.38
Capital Lease Funding, Inc.
Summary of Compensation to
Independent Directors
| 2007 | |
| Annual cash retainer | $31,000(1) |
| Committee chair additional retainer | $6,000(2) |
| Stock award | 2,500 shares(3) |
| Board attendance fee | $1,000 per meeting(4) |
| Committee attendance fee | $500 per meeting(5) |
| (1) | Except for our chairman, Mr. Ranieri, who receives $150,000. |
| (2) | Except for our audit committee chair, who receives $10,000. |
| (3) | Except for our audit committee chair, who receives 3,250 shares. All awards will vest in three equal annual installments beginning on the first anniversary of the grant date. |
| (4) | $500 fee if attended by teleconference. |
| (5) | Committee attendance fees are not paid for meetings held on the same day as a Board meeting. |
