Compellent Technologies, Inc. Non-Employee Director Cash Compensation Plan (Effective February 10, 2009)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the annual cash compensation for non-employee directors of Compellent Technologies, Inc. Non-employee board members receive $20,000 per year, with additional payments for serving as chairperson or member of key committees. The plan also covers reimbursement for expenses related to attending meetings. Payments are made quarterly and apply as long as the individual serves as a non-employee director during the calendar year.

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EX-10.14.II 2 c49478exv10w14wii.htm EX-10.14(II) EX-10.14(II)
EXHIBIT 10.14(ii)
Non-Employee Director Cash Compensation Plan
Effective February 10, 2009
     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 $24,000 per year. Each non-chairperson member of the Audit Committee shall receive annual cash compensation in the amount of $6,000 per year.
 
  •   The Chairperson of the Compensation Committee shall receive annual cash compensation in the amount of $11,000 per year. Each non-chairperson member of the Compensation Committee shall receive annual cash compensation in the amount of $3,500 per year.
 
  •   The Chairperson of the Nominating and Corporate Governance Committee shall receive annual cash compensation in the amount of $5,500 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.