Non-Employee Director Compensation Policy
EX-10.3 3 ea020607901ex10-3_xtiaero.htm NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
Exhibit 10.3
XTIA Non-Executive Board Member Compensation Policy
| Cash Retainer | Stock Awards | Committee Compensation | Chair Compensation | ||||
| Annual fee of $50,000 payable in quarterly installments in arrears
| Annual grant of stock options with a fair market value equal to the cash compensation received in annual retainer and committee fees | Annual fees, payable in quarterly installments in arrears:
Member of Nominating and Corporate Governance Committee: $5,000
Member of Compensation Committee: $7,500
Member of Audit Committee: $10,000 | Annual fees, payable in quarterly installments in arrears:
Chair of Nominating and Corporate Governance Committee: $10,000
Chair of Compensation Committee: $15,000
Chair of Audit Committee: $20,000
Chair of Board: N/A |
