Summary of Nonemployee Director Compensation for Computer Task Group, Incorporated Board Members
Computer Task Group, Incorporated has approved compensation for its nonemployee directors, granting each named board member 5,000 shares of restricted stock and options to purchase 20,000 shares. The restricted stock vests upon the director's retirement, while the stock options vest in four equal installments on specified dates in 2009 and 2010. This arrangement outlines the equity-based compensation for the company's nonemployee directors.
EXHIBIT 10. (b)
Summary of Nonemployee Director Compensation
The Board of Directors (“Board”) of Computer Task Group, Incorporated (“Company”) approved the following equity awards for members of the Board.
| Name | Stock Awards (# shares) (1) | Option Awards (# shares) | ||
| Thomas E. Baker | 5,000 | 20,000 | ||
| Randall L. Clark | 5,000 | 20,000 | ||
| Randolph A. Marks | 5,000 | 20,000 | ||
| William D. McGuire | 5,000 | 20,000 | ||
| John M. Palms | 5,000 | 20,000 | ||
| Daniel J. Sullivan | 5,000 | 20,000 |
The stock awards vest at retirement. The option awards vest with 25% of the award on each of May 13, 2009, July 1, 2009, October 1, 2009, and January 1, 2010.
| (1) | The figures represented in this column are the sum of two grants of restricted stock awarded to the Board as follows: (i) 2,500 shares of restricted stock were granted to each member on May 13, 2009 and (ii) 2,500 shares of restricted stock were granted to each member on February 18, 2009. |
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