Summary of Directors’ Compensation for Digirad Corporation Board Members
This document outlines the compensation plan for members of the Board of Directors of Digirad Corporation. Board members receive annual cash retainers for their service, attendance at meetings, and participation on committees, with additional compensation for committee chairs. Non-employee directors are granted stock options upon joining and annually, and may participate in the company's stock incentive plan. The company also reimburses directors for reasonable expenses related to board and committee meetings.
Exhibit 10.1
SUMMARY OF DIRECTORS’ COMPENSATION
DIGIRAD CORPORATION
Compensation for members of the board of directors (the “Board”) of Digirad Corporation (the “Company”) will include an annual retainer of $10,000 for serving on the Board, an annual retainer of $17,000 for attending meetings of the Board, an annual retainer of $6,000 for serving on the audit committee (with an additional $10,000 retainer to be paid to the chairman), and an annual retainer of $4,000 for serving on the compensation or corporate governance committee. The annual retainer payments will be made quarterly.
Pursuant to the Company’s 2004 Non-Employee Directors’ Stock Option Program, non-employee directors who join the Board will automatically receive grants of options to purchase 10,000 shares of common stock, and non-employee directors will automatically receive annual grants of 5,000 shares of common stock. Directors are also eligible to participate in the Company’s 2004 Stock Incentive Plan. The Company will reimburse directors for reasonable out-of-pocket expenses incurred in connection with their attending meetings of the Board and its committees.
