Director Compensation Arrangements between Cypress and Board Members
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Compensation Agreements
Summary
This document outlines the compensation policy for Cypress's board of directors. Directors are reimbursed for travel expenses related to board and committee meetings but do not receive extra fees for committee service. Non-employee directors may occasionally be granted stock options, based on a review of compensation practices at comparable companies.
EX-10.17 3 g94292exv10w17.txt EX-10.17 DIRECTOR COMPENSATION ARRANGEMENTS EXHIBIT 10.17 DIRECTOR COMPENSATION ARRANGEMENTS The following sets forth the compensation arrangements between the Company and the members of the board of directors: - All directors are reimbursed for travel expenses incurred in connection with attending board and committee meetings. - Directors are not entitled to additional fees for serving on committees of the board. - From time to time, Cypress may also grant to its non-employee directors options after reviewing the level of compensation paid to non-employee directors by other similarly situated companies.
