NYERMEDICAL GROUP, INC. SUMMARYOF DIRECTOR COMPENSATION
EX-10.25 2 v161403_ex10-25.htm
EXHIBIT 10.25
NYER MEDICAL GROUP, INC.
SUMMARY OF DIRECTOR COMPENSATION
The following is a summary of the currently effective compensation of the directors of Nyer Medical Group, Inc., (the “Company”) for services as directors, which is subject to modification at any time by the Board of Directors.
| • | Each non-employee director receives (a) $600 per telephone meeting of the Board of Directors or a committee of the Board of Directors and (b) $1,000 each per in-person meeting of the Board of Directors or in-person meeting of a committee of the Board of Directors. The non-employee chairpersons of a committee of the Board of Directors receive an additional 50% of the sum of (a) and (b) detailed above. |
| | • | Each director is entitled to receive a grant of 4,000 of the Company’s shares of common stock for each year served as a director, with 2,000 of such options vesting semi-annually each June 30th and December 31st, provided that the optionee is still serving as director, as applicable, on such date. |
| | • | The Company generally reimburses all directors for travel expenses incurred in connection with their duties as directors. |
