Summary of Non-Employee Director Compensation for Dawson Geophysical Company (Effective January 27, 2009)
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Summary
Dawson Geophysical Company outlines compensation for its non-employee directors, effective January 27, 2009. Each non-employee director receives $2,000 per month and $2,000 for each regular board meeting attended. The chairman of the Audit Committee receives an extra $500 monthly. Non-employee directors are also granted company common stock valued at $36,000 annually and are reimbursed for reasonable expenses related to company business. Directors who are full-time employees do not receive this additional compensation.
EX-10.3 4 d66209exv10w3.htm EX-10.3 exv10w3
Exhibit 10.3
Summary of Non-Employee Director Compensation
Effective January 27, 2009, each non-employee director of Dawson Geophysical Company (the “Company”) will receive monthly compensation of $2,000. Each non-employee director also will receive a fee of $2,000 for each regular Board of Directors meeting. In addition, the chairman of the Audit Committee will receive an additional fee of $500 per month. Each non-employee director also will receive a grant of the Company’s common stock worth $36,000 annually. The Company also reimburses the reasonable expenses incurred by its directors in attending meetings and other company business.
Directors who are also full-time officers or employees of the Company receive no additional compensation for serving as directors.
