Fossil, Inc. Non-Employee Director Compensation Policy Effective April 1, 2008
This document outlines the compensation policy for non-employee directors of Fossil, Inc. effective April 1, 2008. It specifies annual retainers and meeting fees for board and committee participation, including additional compensation for committee chairs. Directors are also eligible for stock option grants under the 1993 Non-Employee Director Plan. The policy details payment amounts for in-person and telephone meetings, and clarifies that compensation is provided for each committee meeting attended, even if multiple meetings occur on the same day.
Exhibit 10.1
Fossil, Inc.
Non-employee Director Compensation
Effective April 1, 2008
1. Board of Directors
| Annual Retainer |
| $ | 40,000 |
|
| In-person meeting fee |
| $ | 1,500 |
|
| Telephone meetings* |
| $ | 1,000 |
|
2. Audit Committee
| Chair annual retainer |
| $ | 20,000 |
|
| Member retainer |
| $ | 2,500 |
|
| In-person meeting fee |
| $ | 1,250 |
|
| Telephone meetings* |
| $ | 1,000 |
|
3. Compensation Committee
| Chair annual retainer |
| $ | 10,000 |
|
| Member retainer |
| $ | 0 |
|
| In-person meeting fee |
| $ | 1,250 |
|
| Telephone meetings* |
| $ | 1,000 |
|
4. Nominating and Corporate Governance Committee
| Chair annual retainer |
| $ | 7,500 |
|
| Member retainer |
| $ | 0 |
|
| In-person meeting fee |
| $ | 1,250 |
|
| Telephone meetings* |
| $ | 1,000 |
|
Payment shall be made for each committee meeting attended even if attending more than one committee meeting on the same day.
* in excess of one hour
5. Stock Options
1993 Non-employee Director Plan
Grant - - options to purchase 5,000 shares of common stock on the date first becoming a non-employee director and options to purchase 6,000 shares of common stock on each January 1 thereafter
