enherent Corp. Director Compensation Plan Effective May 10, 2005
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Summary
This agreement outlines the compensation for members of the Board of Directors of enherent Corp. Effective May 10, 2005, directors receive $1,000 per quarter for board service. The chairman of the Audit Committee receives $2,000 annually, while other Audit Committee members receive $500 per meeting. Members of the Compensation Committee also receive $500 per meeting. The plan specifies the payment structure for board and committee service.
EX-10.16 3 c97595exv10w16.htm DIRECTOR COMPENSATION PLAN exv10w16
EXHIBIT 10.16
Director Compensation Plan
Members of the Board of Directors of enherent Corp. will receive the following compensation effective May 10, 2005: (i) directors of the Company will receive $1,000 per quarter for service on the Company’s Board of Directors. (ii) the chairman of the Audit Committee of the Company’s Board of Directors will receive $2,000 per year for service in that role, (iii) each other members of the Audit Committee of the Company’s Board of Directors will receive $500 per meeting of the Audit Committee, and (iv) each member of the Compensation Committee of the Company’s Board of Directors will receive $500 per meeting of the Compensation Committee.
