Summary of Board and Committee Compensation for Non-Management Directors of Bowne Pure Compliance

Summary

This document outlines the compensation structure for non-management directors of Bowne Pure Compliance, as approved by the Board of Directors on November 20, 2008. Non-management directors receive $10,000 per board meeting (up to $40,000 per year), $1,250 per committee meeting (up to $5,000 per year), and an additional $625 per committee meeting for serving as a committee chairperson (up to $2,500 per year). Payments are made quarterly and only apply to non-management directors. There were no changes from the previous year's compensation.

EX-10.3 4 c77811exv10w3.htm EXHIBIT 10.3 Filed by Bowne Pure Compliance

Exhibit 10.3

Summary of Board and Committee Compensation

On November 20, 2008, the Board of Directors of the Company approved director fees, committee member fees and chairperson fees to be paid to non-management directors of the Company in the current fiscal year. There was no increase or decrease in board or committee fees from the fees paid in the prior fiscal year. Director fees, committee fees and chairperson fees are only paid to non-management directors as summarized below:

Each non-management director will receive a director fee of $10,000 per Board meeting attended in person or by tele-conference, paid quarterly and not to exceed $40,000 per year.

Each non-management director who serves on a committee of the Board of Directors will receive a fee of $1,250 per committee meeting attended in person or by tele-conference, paid quarterly and not to exceed $5,000 per year.

Each non-management director who serves the chairperson of a committee of the Board of Directors shall receive a fee of $625 per committee meeting attended in person or by tele-conference, paid quarterly and not to exceed $2,500 per year.