CytRx Corporation Non-Employee Director Compensation Policy (Effective July 18, 2006)
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Summary
This document outlines the compensation structure for non-employee directors of CytRx Corporation, effective July 18, 2006. It specifies quarterly retainers and meeting fees for board members, additional compensation for the chairman and committee chairs, and fees for committee members. Compensation varies based on attendance (in-person or telephonic) and includes payments for unanimous written consents. The policy ensures directors are compensated for their service and participation in board and committee activities.
EX-10.4 5 v22393exv10w4.htm EXHIBIT 10.4 exv10w4
Exhibit 10.4
Exhibit A
CYTRX CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION
Effective July 18, 2006
BOARD OF DIRECTORS FEES | ||||
Quarterly Retainer | $ | 2,500.00 | ||
Meetings (Attended in person) | $ | 2,000.00 | ||
Meetings (Attended telephonically) | $ | 750.00 | ||
Quarterly Retainer – Chairman | $ | 6,000.00 | ||
COMMITTEE CHAIR FEES | ||||
Audit Committee | $ | 2,000.00 | ||
Compensation Committee | $ | 1,500.00 | ||
Nomination & Governance Committee | $ | 1,500.00 | ||
Quarterly Retainer–Audit Committee Chairman | $ | 5,000.00 | ||
COMMITTEE MEMBER FEES | ||||
Audit Committee | $ | 1,000.00 | ||
Compensation Committee | $ | 1,000.00 | ||
Nomination & Governance Committee | $ | 1,000.00 | ||
| CHAIR FEES ARE FOR IN-PERSON OR TELEPHONIC ATTENDANCE | ||||
UNANIMOUS WRITTEN CONSENT FEE | ||||
Each Consent (Board or Committee) | $ | 750.00 | ||
