Summary of Non-Employee Director Compensation for Forrester Research, Inc.
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Summary
Forrester Research, Inc. provides its non-employee directors with an annual retainer of $10,000, paid quarterly, and additional fees for Audit Committee participation. Audit Committee members receive $1,500 per meeting, with the Chairman receiving an extra $5,000 annually. Directors are reimbursed for meeting-related expenses. Each non-employee director is granted stock options annually or upon joining, with options vesting over four years. The agreement outlines compensation and stock option terms for non-employee board members.
EX-10.8 2 b63631frexv10w8.htm EX-10.8 - SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w8
Exhibit 10.8
Non-Employee Directors’ Compensation
Each non-employee director of Forrester Research, Inc. receives an annual retainer of $10,000, payable quarterly in arrears, and members of the Audit Committee of the Board of Directors receive $1,500 for each meeting they attend, with the Chairman of the Audit Committee receiving an additional $5,000 per year. In addition, members of the Board of Directors are reimbursed for expenses incurred in attending any meeting of the Board of Directors or a Committee thereof.
Under the Stock Option Plan for Directors, following each annual meeting of stockholders, each non-employee director receives an option to purchase 12,500 shares of common stock at an exercise price equal to the fair market value on that date. These options vest in four equal annual installments on the first, second, third and fourth anniversary of the grant date. Each non-employee director who is newly elected between annual meetings receives an option to purchase 6,000 shares of common stock at an exercise price equal to the fair market value on the date he or she is first elected as a director. These options also vest in four equal annual installments, with the first installment vested on the date of grant.
