NEOWARE, INC. Summary of Cash Compensation Policy for Non-Employee Directors Effective January 1, 2007
EX-10.1 2 b415510_ex10-1.htm EX-10.1 Prepared and filed by St Ives Financial 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. |
