Nestor, Inc. 2006 Board of Directors Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the payment structure for Nestor, Inc.'s Board of Directors in 2006. Directors receive $1,000 for each board meeting attended in person and $500 for each telephonic meeting. Audit Committee chairs are paid $1,500 per meeting, while members receive $500, regardless of attendance method. For other committee meetings, chairs receive $750 and members $250 per meeting, with no distinction between in-person or telephonic participation.

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EX-10.2 3 ex10_2.htm EX 10.2 SCHEDULE OF DIRECTORS PAYMENTS EX 10.2 Schedule of Directors Payments
EXHIBIT 10.2

 
Nestor, Inc.

2006 Annual Meeting of the Board of Directors

Board Cash Compensation Schedule

For Board Meetings

$1,000 per meeting attended in person
$500 per telephonic meeting


For Audit Committee Meetings

Chair: $1,500 per meeting
Members: $500 per meeting

(No distinction between in-person and telephonic meetings)


For Other Committee Meetings

Chair:  $750 per meeting
Members:  $250 per meeting

(No distinction between in-person and telephonic meetings)