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 monthly fees based on their roles, with the Chairman and Lead Independent Director each receiving $1,600 per month, and other members receiving $1,275 per month. Additional fees are paid for committee meeting attendance: $375 for committee chairmen and $325 for committee members. Non-employee directors may also be eligible for equity awards at the Board's discretion.

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EX-10.12 4 ex1012summaryofnon-employe.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

$1,600

Lead Independent Director

$1,600

Member of the Board

$1,275


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

$375

Member of the Committee

$325


Equity Compensation

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