Leadis Technology, Inc. Non-Employee Director Cash Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

Leadis Technology, Inc. has established a policy outlining cash compensation for its non-employee directors, effective January 1, 2006. Non-employee directors receive an annual fee of $30,000, with additional payments for serving as chair or member of the audit, compensation, and nominating and corporate governance committees. Fees vary by role and are paid quarterly. Directors are also reimbursed for expenses related to attending meetings. This policy sets clear compensation terms for non-employee board members.

Read More Arrow
EX-10.1 2 dex101.htm LEADIS TECHNOLOGY NON-EMPLOYEE DIRECTOR COMPENSATION POLICY Leadis Technology Non-Employee Director Compensation Policy

Exhibit 10.1

 

LEADIS TECHNOLOGY, INC.

NON-EMPLOYEE DIRECTOR CASH COMPENSATION POLICY

 

The Board of Directors (the “Board”) of Leadis Technology, Inc., a Delaware corporation (the “Company”), approved the following policy regarding cash compensation for its non-employee directors effective January 1, 2006. The policy provides that:

 

  •   each non-employee director will receive $30,000 per year for service as a board member;

 

  •   the chairman of the audit committee will receive an additional $10,000 per year for service as chairman of the audit committee;

 

  •   each member of the audit committee (other than the chairman) will receive an additional $5,000 per year for service as a member of the audit committee;

 

  •   the chairman of the compensation committee will receive an additional $7,000 per year for service as chairman of the compensation committee;

 

  •   each member of the compensation committee (other than the chairman) will receive an additional $3,500 per year for service as a member of the compensation committee;

 

  •   the chairman of the nominating and corporate governance committee will receive an additional $5,000 per year for service as chairman of the nominating and corporate governance committee; and

 

  •   each member of the nominating and corporate governance committee (other than the chairman) will receive $2,500 for service as a member of the nominating and corporate governance committee.

 

All of the above fees shall be payable quarterly. All of the Company’s Board members shall be reimbursed for out-of-pocket expenses incurred in attending Board and committee meetings.