Amendment to Non-Employee Director Compensation for IHS Inc. Board Members (2006)
This amendment outlines changes to the compensation for two non-employee directors of IHS Inc. For the 2006 fiscal year, Michael v. Staudt will receive a $50,000 cash retainer for his Board service. Michael Klein will also receive an additional $50,000 cash retainer instead of the standard equity award given to other non-employee directors. These changes were approved by the Board and are effective as of March 24, 2006.
EXHIBIT 10.3
DIRECTOR COMPENSATION
(NON-EMPLOYEE DIRECTOR FEES)
The following sets forth an amendment to the compensation terms for two non-employee members of the Board of Directors (the “Board”) of IHS Inc. (the “Company”).
The following amendments to director compensation were approved by the Board effective March 24, 2006: (i) the Board determined that, following the Company’s initial public offering in 2005, Michael v. Staudt shall receive a cash retainer of $50,000 for fiscal year 2006 Board service; and (ii) in lieu of the standard equity award approved for all non-employee directors, Michael Klein is to receive an additional cash retainer of $50,000 for fiscal year 2006 Board service.
