HealthInsurance Innovations, Inc. Non-EmployeeDirector Compensation Plan EffectiveDate: July 1, 2017 Adopted on June 14, 2017
EX-10.8 9 ex10-8.htm
Health Insurance Innovations, Inc.
Non-Employee Director Compensation Plan
Effective Date: July 1, 2017
Adopted on June 14, 2017
| 1. | Annual Board cash retainer: | $55,000 (paid quarterly) | |
| 2. | Annual Board restricted stock grant: | $75,000 grant date fair market value (vesting 50% on each of the first two anniversaries from the grant date) to be made on the date of the Company’s annual meeting of stockholders | |
| 3. | Annual Board Chair cash retainer: | $35,000 (paid quarterly) | |
| 4. | Annual Committee cash retainers: | Audit Committee Members: $7,500 (paid quarterly)
Compensation Committee Members: $5,000 (paid quarterly)
Nominating and Corporate Governance Committee Members: $2,500 (paid quarterly)
Acquisition Committee Members: $1,500 (paid quarterly) | |
| 5. | Annual Audit Committee Chair cash retainer: | $15,000 (paid quarterly) | |
| 6. | Annual Compensation Committee Chair cash retainer: | $10,000 (paid quarterly) | |
| 7. | Annual Nominating and Corporate Governance Committee Chair cash retainer: | $5,000 (paid quarterly) | |
| 8. | Annual Acquisition Committee Chair cash retainer: | None | |
| 9. | Reimburse out-of-pocket expenses: | Yes | |
| 10. | Board meeting fee: | None | |
| 11. | Committee meeting fee | None |
Note: Quarterly retainer payments will be paid on or around the last business day of each calendar quarter in arrears, pro-rated in the case of service for a particular calendar quarter. Committee Chair cash retainers are in lieu of Committee participation retainers and not in addition thereto.
