IXYS Corporation Summary of Outside Director Compensation as of June 12, 2008
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Summary
IXYS Corporation outlines the cash compensation for its outside (non-employee) directors as of June 12, 2008. Each outside director receives an annual retainer of $40,000, with additional annual retainers for serving as chair or member of the Audit, Compensation, or Nominating Committees. No fees are paid for attending individual meetings. This summary sets forth the payment structure and roles eligible for extra compensation.
EX-10.18 5 f41446exv10w18.htm EXHIBIT 10.18 exv10w18
Exhibit 10.18
SUMMARY OF OUTSIDE DIRECTOR COMPENSATION
As of June 12, 2008, Directors of IXYS Corporation that are not employees, commonly referred to as outside directors, received cash compensation on the following basis:
Annual Retainer for each Director | $ | 40,000 | ||
Additional Annual Retainer for the Chairman 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 |
Directors do not receive fees for attending each meeting.
