Ixia Summary of Compensation for Non-Employee Directors and Committee Members
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This document outlines the compensation structure for non-employee members of Ixia's Board of Directors and its committees, effective April 1, 2011. It specifies quarterly and annual retainers for board and committee service, with additional fees for attending certain meetings. Non-employee directors are also eligible for equity awards under Ixia’s 2008 Equity Incentive Plan. The summary details the amounts paid for each role and clarifies eligibility for stock options and other equity incentives.
EX-10.13 5 ex_10-13.htm EXHIBIT 10.13 ex10-13.htm
Exhibit 10.13
Ixia
Summary of Compensation for Non-Employee Members
of the Board of Directors and its Committees
| 1. | Board of Directors | |||||
| Quarterly retainer (except Chairman) | $ | 8,750 | ||||
| Chairman’s quarterly retainer | $ | 0 | ||||
| Fee for attending a meeting | $ | 0 | ||||
| 2. | Compensation Committee | |||||
| Quarterly retainer (except Chairman) | $ | 2,250 | ||||
| Chairman’s quarterly retainer | $ | 4,750 | ||||
| Fee for attending a meeting | $ | 0 | ||||
| 3. | Audit Committee | |||||
| Quarterly retainer (except Chairman) | $ | 2,500 | ||||
| Chairman’s quarterly retainer | $ | 5,875 | ||||
| Fee for attending a meeting | $ | 0 | ||||
| 4. | Nominating and Corporate Governance Committee | |||||
| Annual retainer (except Chairman) | $ | 0 | ||||
| Chairman’s annual retainer | $ | 0 | ||||
| Fee for attending a meeting | $ | 1,500 | ||||
The above summarizes cash compensation payable to the non-employee directors of the Company’s Board of Directors and its Committees effective as of April 1, 2011.
In addition to cash compensation, non-employee directors are eligible to receive grants of stock options, restricted stock units and other equity incentives under the Company’s Amended and Restated 2008 Equity Incentive Plan, as amended (the “2008 Plan”). The 2008 Plan is included as Exhibit 10.1 to the Company’s Current Report on Form 8-K (File No. 000-31523) as filed with the Securities and Exchange Commission on filed with the Commission on May 25, 2011.
* * *
