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EX-10.17 2 v17906exv10w17.htm EXHIBIT 10.17 exv10w17
 

Exhibit 10.17
Ixia
Summary of Compensation for Non-Employee Members
of the Board of Directors and its Committees
(Effective January 1, 2004)
         
1. Board of Directors
        
Quarterly retainer (except Chairman)
   $ 7,500  
Chairman’s quarterly retainer
   $ 10,500  
 
        
2. Compensation Committee
        
Quarterly retainer (except Chairman)
   $ 3,000  
Chairman’s quarterly retainer
   $ 4,250  
 
        
3. Audit Committee
        
Quarterly retainer (except Chairman)
   $ 3,000  
Chairman’s quarterly retainer
   $ 5,500  
 
        
4. Nominating and Corporate Governance Committee
        
Quarterly retainer (except Chairman)
   $ 1,250  
Chairman’s quarterly retainer
   $ 2,500  
In addition to cash compensation, non-employee directors receive under the Company’s Amended and Restated Non-Employee Director Stock Option Plan (the “Director Plan”) (i) a grant of stock options upon their initial election to the Board of Directors and (ii) annual grants of stock options upon their re-election to the Board. The Director Plan is included as Exhibit 4.2 to the Company’s Registration Statement on Form S-8 (Registration No. 333-117969) as filed with the Securities and Exchange Commission on August 5, 2004.
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