Hot Topic Inc., Director Compensation
Exhibit 10.27a
Hot Topic Inc., Director Compensation
Cash Compensation:
| MEETINGS | PER MEETING FEE | ||||
| Board | |||||
| Chair | $ | 7,000 | |||
| Member | $ | 5,000 | |||
| Audit Committee | |||||
| Chair | $ | 2,500 | (+$10,000/Qtr.) | ||
| Member | $ | 1,500 | |||
| Governance & Nominating Committee | |||||
| Chair | $ | 2,500 | |||
| Member | $ | 1,000 | |||
| Compensation Committee | |||||
| Chair | $ | 2,500 | |||
| Member | $ | 1,000 | |||
Other Compensation:
Automatic Options:
| New Director Grant: | 10,000 options | |
| Continuing Director Grant: | 2,500 options | |
| Continuing Chair Grant: | 3,750 options |
Discretionary Options:
Continuing Director Grant: The number of shares which will, including the automatic grant, provide a $60,000 aggregate grant, using the Black Scholes model.
Continuing Chair Grant: The number of shares which will, including the automatic grant, provide an $80,000 aggregate grant, using the Black Scholes model.
Stock Bonus Award:
Director Award: The number of shares equal to $25,000 divided by the share price determined as of the date of grant.
Chair Award: The number of shares equal to $30,000 divided by the share price determined as of the date of grant.
