IXYS Corporation Summary of Outside Director Compensation as of June 15, 2005
IXYS Corporation outlines the compensation structure for its outside (non-employee) directors as of June 15, 2005. 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 attended and $600 for each committee meeting attended. This summary sets forth the payment terms for outside directors' service on the Board and its committees.
Exhibit 10.28
SUMMARY OF OUTSIDE DIRECTOR COMPENSATION
As of June 15, 2005, 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 |
