EVINE Live Inc. Compensation of Directors*

EX-10.25 3 ex102501312015.htm EXHIBIT 10.25 Ex 10.25 01312015


Exhibit 10.25

EVINE Live Inc.

Compensation of Directors*


1.
Compensation for service on the Board:
•
$65,000 per annum cash compensation
•
Annual grant of 8,000 shares of restricted stock (vesting on the day immediately prior the next following annual shareholders meeting after the date of grant); grant is made immediately following each annual shareholders meeting
•
New directors receive a one-time grant of 30,000 stock options upon joining the Board.
2.
Additional Compensation for Chairman of the Board:
•
Additional cash compensation of $65,000 per annum
•
Annual grant of 20,000 stock options per annum, with the option grant made immediately following the annual shareholders meeting
3.
Additional Cash Compensation for service on Committees of the Board:
•
$12,000 per annum for serving as Chairman of Compensation, Finance or Governance Committee
•
$20,000 per annum for serving as Chairman of Audit Committee
•
$10,000 for other members of the Audit Committee
•
Fees as determined by the Board for service on special committees that may be established from time to time and other assignments, as required
4.
Miscellaneous
•
Stock Ownership Guidelines: Non-Management Directors are expected to hold four times (4x) their annual cash retainer and the committee fees paid by the company, to be obtained within five years from April 2011.
•
Indemnification Agreement
5.
Per Meeting Fees:
•
No per meeting fees
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*Directors who are a member of EVINE Live Inc. management do not receive any compensation for their service on the Board of Directors or the Committees thereof.