CytRx Corporation Non-Employee Director Compensation Policy Effective October 1, 2005
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Summary
This document outlines the compensation structure for non-employee directors of CytRx Corporation, effective October 1, 2005. It specifies quarterly retainers, meeting fees for in-person and telephonic attendance, and additional fees for chairing or serving on various board committees. The policy also includes compensation for unanimous written consents. The agreement details the amounts paid for each role and activity, ensuring transparency in director compensation.
EX-10.3 2 v14521exv10w3.htm EXHIBIT 10.3 exv10w3
Exhibit 10.3
CYTRX CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION
Effective October 1, 2005
BOARD OF DIRECTORS FEES | ||||
Quarterly Retainer | $ | 2,000.00 | ||
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 | ||
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 |
