Description of Non-Executive Chairman's Compensation Effective January 10, 2008
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Summary
This document outlines the compensation for the company's non-executive Chairman, effective January 10, 2008. The Chairman will receive an annual stock bonus valued at $200,000 after each annual general meeting. If the Chairman also serves as chairman of the Audit Committee, they will receive additional cash compensation for that role, but will not receive cash compensation for serving on other Board committees. The Chairman remains eligible for all other compensation provided to non-employee directors.
EX-10.30 3 d56983exv10w30.htm EXHIBIT 10.30 DESCRIPTION OF NON-EXECUTIVE CHAIRMAN'S COMPENSATION exv10w30
Exhibit 10.30
Description of Non-Executive Chairman’s Compensation
Effective January 10, 2008, our non-executive Chairman is entitled to receive, following each annual general meeting of the company, a yearly stock bonus award consisting of such number of shares having an aggregate fair market value of US$200,000 on the date of grant. The non-executive Chairman is also entitled to continue to receive cash compensation for service as chairman of the Audit Committee if appointed to such position, but otherwise will no longer be eligible to receive cash compensation for service on any Board committees. The non-executive Chairman will continue to be entitled to receive all other compensation payable to our non-employee directors.
