NTN Buzztime, Inc. Summary of Non-Employee Director Compensation Effective July 1, 2007
This document outlines the compensation structure for non-employee directors of NTN Buzztime, Inc. as of July 1, 2007. Non-employee directors receive annual cash retainers, additional fees for committee and board chair roles, and meeting attendance fees. They are also granted stock options, with newly elected directors receiving options for 30,000 shares and re-elected directors receiving options for 20,000 shares, subject to specific vesting schedules. The agreement details the amounts and conditions for each type of 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 | |
