Summary of Directors’ Compensation for Digirad Corporation (Fiscal Year 2004)
This document outlines the compensation for directors of Digirad Corporation for the fiscal year ending December 31, 2004. Directors received payments for attending board and committee meetings, both in-person and by phone, and were reimbursed for reasonable expenses. Non-employee directors were granted stock options upon joining the board and received annual stock option grants. Directors were also eligible to participate in the company's 2004 Stock Incentive Plan.
Exhibit 10.28
Summary of Directors’ Compensation
In the fiscal year ended December 31, 2004, Digirad Corporation (the “Company”) paid its directors $4,000 for attending in-person board meetings and $500 for attending board meetings telephonically. In addition, the Company paid its directors $1,000 for attending in-person committee meetings and $500 for attending telephonic committee meetings. Directors were also reimbursed for reasonable out-of-pocket expenses in connection with attending meetings of the board of directors and committees of the boards of directors.
Pursuant to the Company’s 2004 Non-Employee Directors’ Stock Option Program, the Company’s non-employee directors who join the board of directors automatically receive grants of options to purchase 10,000 shares of the Company’s common stock, and the Company’s non-employee directors receive annual grants of 5,000 shares of the Company’s common stock. The Company’s directors are also eligible to participate in the Company’s 2004 Stock Incentive Plan.
