Non-Employee Director Compensation Policy

EX-10.19 2 c25177exv10w19.htm NON-EMPLOYEE DIRECTOR COMPENSATION POLICY exv10w19

EXHIBIT 10.19

Non-Employee Director Cash Compensation Plan

Effective February 12, 2008

The following is a summary of Compellent Technologies, Inc.’s (the “Company”) annual compensation arrangement for its non-employee directors (the “Non-Employee Director Compensation Plan”) for such period of time as a non-employee director continues to serve in such capacity during the applicable calendar year:

	•		The non-employee members of the Board shall receive annual cash compensation in the amount of $20,000 per year.

	•		The Chairperson of the Audit Committee shall receive annual cash compensation in the amount of $22,000 per year. Each non-chairperson member of the Audit Committee shall receive annual cash compensation in the amount of $5,000 per year.

	•		The Chairperson of the Compensation Committee shall receive annual cash compensation in the amount of $10,000 per year. Each non-chairperson member of the Compensation Committee shall receive annual cash compensation in the amount of $3,000 per year.

	•		The Chairperson of the Nominating and Corporate Governance Committee shall receive annual cash compensation in the amount of $4,000 per year. Each non-chairperson member of the Compensation Committee shall receive annual cash compensation in the amount of $1,500 per year.

	•		The non-employee directors shall also be eligible for reimbursement for expenses incurred in attending Board and Committee meetings.

All sums referenced above shall be payable on a pro rata basis each quarter.