Summary of Compensation Arrangements with Directors for Electro-Sensors, Inc. (2008)
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Compensation Agreements
Summary
Electro-Sensors, Inc. set out its director compensation for the 2008 fiscal year, stating that each non-employee director would receive a quarterly cash retainer of $1,250 for serving on the Board. There is no formal written Board compensation plan in place. This arrangement applies only to non-employee directors and covers their service during the specified fiscal year.
EX-10.3 3 electro091283_ex10-3.htm SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS Exhibit 10.3 to Electro-Sensors, Inc. Form 10-K for fiscal year ended December 31, 2008
Exhibit 10.3
SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS
2008 FISCAL YEAR
Electro-Sensors, Inc. (the “Company”) currently does not have a written Board compensation plan. For the 2008 fiscal year, the Board determined that each of the Company’s non-employee directors would receive a cash retainer fee of $1,250 per quarter for their services on the Board.
