Summary of Outside Director Board Compensation
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EX-10.6 3 c05637exv10w6.htm SUMMARY OF OUTSIDE DIRECTOR BOARD COMPENSATION exv10w6
Exhibit 10.6
Summary of Compensation for DiamondCluster Outside Directors
| FY06 Comp | ||
Annual Retainer | $40,000 | |
Meeting attendance fees | None | |
Equity having a $ value of | $30,000 in Restricted Stock/$30,000 in SARS | |
Vesting | Quarterly over one year |
| Notes: | ||
| (1) | All U.S. board members receiving stock must make an Internal Revenue Code Section 83(b) tax election filing for the restricted stock grant. | |
| (2) | All committee chairs receive an additional $10,000 in equity. | |
| (3) | All Audit Committee members, including the Audit Committee Chair, receive an additional $5,000 in equity. | |
| (4) | Board members must retain throughout their term ownership of equity valued at a minimum of $100,000 in accordance with director stock ownership guidelines. | |
| (5) | Board members are required to sell any equity through the Partner Equity Sales Program or an approved 10b5-1 plan. |
