Hot Topic Inc., Director Compensation 2006

Contract Categories: Human Resources - Compensation Agreements
EX-10.27A 3 dex1027a.htm 2006 BOARD COMPENSATION SUMMARY 2006 Board Compensation Summary

Exhibit 10.27a

Hot Topic Inc., Director Compensation 2006

On March 17, 2006, our Board of Directors, following approval of our Compensation Committee, established the following 2006 director compensation:

Cash Compensation:

 

MEETINGS

   

NO. OF
MEETINGS

(FY 2005)

    PER MTG.
FEE
(FY 2006)		  

Board

    4   

Chair

       $ 7,000  

Member

       $ 5,000  

Audit Committee

    6   

Chair

       $ 2,500  (+$10,000/Qtr.)

Member

       $ 1,500  

Governance & Nominating Committee

    4   

Chair

       $ 2,500  

Member

       $ 1,000  

Compensation Committee

    3   

Chair

       $ 2,500  

Member

       $ 1,000  

Other Compensation:

Automatic Options:

 

New Director Grant (0 in FY 2005):

    10,000 options

Continuing Director Grant (5 in FY 2005):

    2,500 options

Continuing Chair Grant (1 in FY 2005):

    3,750 options

Discretionary Options:

Continuing Director Grant (5 in FY 2005): The number of shares which will, including the automatic grant, provide a $60,000 aggregate grant, using the Black Scholes model.

Continuing Chair Grant (1 in FY 2005): 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 (5 in FY 2005): The number of shares equal to $25,000 divided by the share price determined as of the date of grant.

Chair Award (1 in FY 2005): The number of shares equal to $30,000 divided by the share price determined as of the date of grant.