Neoware, Inc. Cash Compensation Policy for Non-Employee Directors (Effective January 1, 2007)
Neoware, Inc. has established a policy outlining cash compensation for its non-employee directors, effective January 1, 2007. Non-employee board members receive an annual fee of $16,000, with additional payments for attending board and committee meetings, either in person or by phone. Chairmen of key committees and the independent lead director receive extra annual fees. All payments are made quarterly. This policy sets out the structure and amounts of compensation for non-employee directors for the 2007 fiscal year.
EXHIBIT 10.1
NEOWARE, INC.
Summary of Cash Compensation Policy for Non-Employee Directors
Effective January 1, 2007
Effective as of January 1, 2007, the following sets forth the policy for cash compensation of non-employee directors:
| • | Each non-employee member of the Board will receive an annual fee of $16,000 for services as a member of the Board, paid quarterly; |
| • | Each non-employee director will receive $1,500 per Board meeting attended in person, $750 for each Board meeting attended telephonically and $500 for each committee meeting attended either in person or telephonically; |
| • | The chairman of the Audit Committee will receive an annual fee of $16,000, the chairman of the Compensation and Stock Option Committee will receive an annual fee of $6,000 and the chairman of the Governance and Nominating Committee will receive an annual fee of $2,000, for his services during the 2007 fiscal year as chairman, paid quarterly; and |
| • | The independent lead director will receive an annual fee of $10,000, paid quarterly. |
