Golf Galaxy Director Compensation Terms (2008–2010)
This document outlines the compensation structure for directors of Golf Galaxy, Inc. from 2008 to 2010. Directors receive an annual retainer, additional fees for serving as committee chair or member, and meeting fees for attending in-person or telephonic meetings. Directors are also reimbursed for expenses according to company policy and receive annual stock option grants, with a larger one-time grant for new members. The agreement specifies payment amounts and schedules for each year.
Exhibit 10.1
| Item |
| Recommendation |
| Note: | |
| Retainer |
| $ | 20,000 |
| Per year, paid quarterly ($23K in FY08, $26K in FY09, $30K in FY10) |
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|
|
|
| |
| Committee Retainer For Chariman |
| $ | 2,000 |
| Per year, Audit Committee |
|
|
| $ | 1,000 |
| Per year, Compensation Committee andothers |
|
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|
|
| |
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|
|
| |
| Meeting Fee's |
| $ | 1,500 |
| Per meeting |
|
|
| $ | 500 |
| Per telephonic meeting |
|
|
| $ | 750 |
| Per Audit Committee meeting |
|
|
| $ | 500 |
| All other committee meetings |
| Expenses |
| — |
| As Per Golf Galaxy policy | |
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|
| |
| Stock Options |
| 1,500 shares |
| Annual for all members | |
|
|
| 5-10,000 shares |
| One-time grant for new members | |
