Entrust, Inc. Summary of Director Compensation (Effective October 20, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

Entrust, Inc. outlines the compensation structure for its board of directors, effective October 20, 2005. Directors receive a quarterly retainer of $5,000, attendance fees for meetings, and reimbursement for expenses. Additional annual retainers are provided for committee chairs and members. Directors are also granted annual stock appreciation rights and restricted stock units as part of their compensation. This summary details the payment amounts and types of equity awards directors receive for their service.

Read More Arrow
EX-10.1 2 dex101.htm SUMMARY OF DIRECTOR COMPENSATION. Summary of Director Compensation.

Exhibit 10.1

 

ENTRUST, INC.

Summary of Director Compensation

(effective October 20, 2005)

 

Directors receive compensation for their board service. That compensation is comprised of:

 

Retainer:

    $5,000 per quarter.

Attendance Fees:

   

$3,000 per regular meeting; plus

$1,000 per special meeting; plus

reimbursement of out-of-pocket expenses.

Audit Committee Chair Retainer:

    $4,000 per year.

Audit Committee Member Retainer:

    $2,000 per year.

Compensation Committee Chair Retainer:

    $4,000 per year.

Nominations and Corporate Governance Committee Chair Retainer:

    $2,000 per year.

Annual Restricted Stock Unit Grant:

    15,000 stock appreciation rights per annum.

Annual Restricted Stock Unit Grant:

    2000 restricted stock units per annum.