Summary of Non-Employee Director Compensation for Board and Committee Service

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee members of the company's board of directors. Non-employee directors receive a monthly fee based on their role, with the Chairman and Lead Independent Director each receiving $1,850 and other members receiving $1,500. Additionally, non-employee committee members are paid per meeting attended, with committee chairmen receiving $450 and other members $400. The Board may also grant equity awards to non-employee directors at its discretion.

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EX-10.12 4 exhibit1012-summaryofnonxe.htm EXHIBIT 10.12 Exhibit
Exhibit 10.12

Summary of Non-Employee Director Compensation

Monthly Board Compensation

Each non-employee member of our board of directors (the “Board”) is paid the following fees per month based on his or her role:

Chairman of the Board

$1,850

Lead Independent Director

$1,850

Member of the Board

$1,500


Committee Attendance Compensation

Each non-employee committee member is paid the following fee for each committee meeting he or she attends based on his or her role on such committee:

Chairman of the Committee

$450

Member of the Committee

$400


Equity Compensation

Non-employee Board members may be eligible for equity awards from time to time at the discretion of the Board.