Schedule of Non-Employee Director Compensation (Effective January 1, 2018)

Summary

This document outlines the compensation structure for non-employee directors of the company, effective January 1, 2018. Non-employee directors receive an annual retainer of $40,000 in cash and $60,000 in common stock. Additional annual fees are provided for committee chairs and members: Audit Committee Chair ($20,000), Compensation Committee Chair ($15,000), and Nominating and Governance Committee Chair ($10,000). Non-chair committee members receive $7,500 for the Audit Committee and $5,000 each for the Compensation and Nominating and Governance Committees.

EX-10.22 2 irt-ex1022_106.htm EX-10.22 irt-ex1022_106.htm

Exhibit 10.22

Schedule of Non-Employee Director Compensation
(as revised, effective January 1, 2018)

1.Annual Retainer:

a.$40,000 cash.

b.$60,000 in common stock.

2.Annual Committee Chair Fees:

a.Audit Committee Chair - $20,000.

b.Compensation Committee Chair - $15,000.

c.Nominating and Governance Committee Chair - $10,000

3.Annual Committee Member (other than Chair) Fees:

a.Audit Committee - $7,500.

b.Compensation Committee - $5,000.

c.Nominating and Governance Committee - $5,000