FargoElectronics, Inc. 2005Non-employee Director Compensation Summary
EX-10.2 3 a04-14766_1ex10d2.htm EX-10.2
Exhibit 10.2
Fargo Electronics, Inc.
2005 Non-employee Director Compensation Summary
The Board of Directors of Fargo Electronics, Inc. approved the following fee schedule to be effective January 1, 2005 for non-employee directors:
| Annual Retainer |
| $ | 20,000 |
|
| Lead Director |
| $ | 8,000 |
|
| Audit Committee chair |
| $ | 7,000 |
|
| Audit Committee members |
| $ | 3,000 |
|
| Other Committee chairs |
| $ | 3,000 |
|
| Other Committee members |
| $ | 2,000 |
|
The Board also approved a stock option grant of 5,000 shares per non-employee director on the date of the annual meeting.
All cash compensation will be paid quarterly.
