IXYS Corporation Summary of Outside Director Compensation as of June 15, 2006

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for outside (non-employee) directors of IXYS Corporation as of June 15, 2006. Outside directors receive an annual retainer of $20,000, with additional annual retainers for committee chairs: $7,500 for the Audit Committee, and $4,000 each for the Compensation and Nominating Committees. Directors are also paid $1,000 for each board meeting and $600 for each committee meeting attended. For one year following a change in the timing of the annual stockholders meeting, retainer amounts were temporarily set at 75% of the usual rate.

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EX-10.30 6 f20992exv10w30.htm EXHIBIT 10.30 exv10w30  

Exhibit 10.30
SUMMARY OF OUTSIDE DIRECTOR COMPENSATION
As of June 15, 2006, 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
   $ 20,000  
 
        
Additional Annual Retainer for the Chairman of the
        
 
        
Audit Committee
   $ 7,500  
 
        
Compensation Committee
   $ 4,000  
 
        
Nominating Committee
   $ 4,000  
 
        
Director’s Fee for each Board of Directors meeting
   $ 1,000  
 
        
Director’s Fee for each Committee meeting
   $ 600  
At the September 2005 annual meeting of stockholders, retainer amounts were authorized at 75% of the normal amount for one year only, because of a shift forward in time for the annual meeting of stockholders from November to August or September. The shift was initiated in calendar 2005.