Non-Employee Director Cash Compensation Terms Description
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Summary
This document outlines the cash compensation terms for non-employee directors of the company. Non-employee directors will receive $1,500 per day for each day their services are required, including travel time for company-related meetings or events. They will also be reimbursed for reasonable travel expenses. Additionally, non-employee directors will be paid $500 for participating in conference calls.
EX-10.3 4 c39631_ex10-3.txt EXHIBIT 10.3 DESCRIPTION OF NON-EMPLOYEE DIRECTOR CASH COMPENSATION TERMS Non-employee directors will be paid a total of $1,500 per day for each day their services are required, including such parts of a day required for traveling to any meeting, event, etc. for which their participation has been requested on behalf of the Company, and additionally be reimbursed for all reasonable travel expenses incurred as a result of their participation. Non-employee directors also will be paid $500 for conference call participation.
