EX-10.17 DIRECTOR COMPENSATION ARRANGEMENTS

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.