NTN Buzztime, Inc. Summary of Non-Employee Director Compensation
EX-10.6 7 dex106.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Summary of Non-Employee Director Compensation
EXHIBIT 10.6
NTN Buzztime, Inc.
Summary of Non-Employee Director Compensation
The following table sets forth the compensation for NTN Buzztime, Inc.’s non-employee directors effective as of July 1, 2007:
Cash Compensation
| Annual Board Member Retainer | $ | 30,000 | |
| Annual Committee Member Retainer | |||
| Audit Committee | $ | 6,000 | |
| Compensation Committee | $ | 3,000 | |
| Nominating and Corporate Governance Committee | $ | 3,000 | |
| Per Board Meeting Fee (in person or telephonic attendance) | $ | 750 | |
| Per Committee Meeting Fee | $ | 0 | |
| Additional Annual Retainer for Board Chairman | $ | 40,000 | |
| Additional Annual Retainer for Committee Chairman | |||
| Audit Committee | $ | 13,000 | |
| Compensation Committee | $ | 5,000 | |
| Nominating and Corporate Governance Committee | $ | 9,000 |
Equity Compensation
| Newly Elected Directors | Option to purchase 30,000 shares with an exercise price equal to the closing market price on date of grant; 50% vests immediately and 50% vests in equal monthly installments through the date of the next annual meeting of stockholders | |
| Annual Equity Compensation for Re-elected Directors | Option to purchase 20,000 shares with an exercise price equal to the closing market price on date of grant; vests in equal monthly installments over 12 months | |
