Cash Fees Payable to Non-Employee Directors of Ceradyne, Inc.
EX-10.3 4 dex103.htm CASH FEES PAYABLE TO NON-EMPLOYEE DIRECTORS Cash Fees Payable to Non-Employee Directors
EXHIBIT 10.3
Cash Fees Payable to
Non-Employee Directors of
Ceradyne, Inc.
| Retainer | $4,000 per quarter | |
| Meeting fee | $1,000 per meeting(1) | |
| Telephonic meeting fee | $ 500 per meeting if longer than one hour | |
| Audit Committee Chair | $4,000 per year | |
| Compensation Committee Chair | $2,000 per year | |
| Lead Director | $4,000 per year |
| (1) | No separate meeting fee is paid for Committee meetings held on the same day as a meeting of the full Board. |
