IXYS Corporation Summary of Outside Director Compensation (2008-2009)

Contract Categories: Human Resources › Compensation Agreements
Summary

IXYS Corporation's Board of Directors approved a compensation plan for non-employee directors, providing an annual cash retainer of $40,000, with additional annual retainers for committee chairmen and members. In January 2009, the Board reduced all future retainer payments by 10% due to economic conditions. Directors do not receive separate fees for attending meetings. This summary outlines the compensation structure and adjustments for outside directors of IXYS Corporation.

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EX-10.17 3 f52697exv10w17.htm EX-10.17 exv10w17
Exhibit 10.17
SUMMARY OF OUTSIDE DIRECTOR COMPENSATION
In September 2008, the Board of Directors of IXYS Corporation (the “Board”) approved annual cash compensation, which is paid in periodic increments, for the directors of IXYS Corporation that are not employees on the following basis:
         
Annual Retainer for each Director
   $ 40,000  
 
        
Additional Annual Retainer for the Chairmen of the
        
 
        
Audit Committee
   $ 15,000  
 
        
Compensation Committee
   $ 10,000  
 
        
Nominating Committee
   $ 6,000  
 
        
Additional Annual Retainer for the other members of the
        
 
        
Audit Committee
   $ 7,000  
 
        
Compensation Committee
   $ 5,000  
 
        
Nominating Committee
   $ 2,000  
In January 2009, the Board reduced future payments of the foregoing retainers by 10% in light of economic conditions.
Directors do not receive fees for attending each meeting.