Non-Employee Director Compensation Policy for Board Members (Exhibit 10.41)

Contract Categories: Human Resources › Compensation Agreements
Summary

This policy outlines the compensation for non-employee members of the Board of Directors, excluding Dave Davis. Each non-employee director receives $75,000 annually, paid quarterly. The Lead Director and the chair of the Audit Committee each receive an additional $25,000 per year, also paid quarterly. The policy specifies the payment schedule and the roles eligible for extra compensation.

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EX-10.41 7 a10_41directorcomppolicy.htm EXHIBIT 10.41 10_41DirectorCompPolicy

Exhibit 10.41
Compensation of Non-Employee Directors
(currently consisting of all members of the Board of Directors other than Dave Davis)
 
 
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Each non-employee director will be paid annual cash compensation of $75,000.
 
 
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The Lead Director will be paid additional annual cash compensation of $25,000.
 
 
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The chair of the Audit Committee will receive additional annual cash compensation of $25,000.
 
 
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All of these amounts are paid quarterly on or before the end of the quarter.