Non-Employee Director Compensation Policy for Board and Committee Service
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Summary
This policy outlines the compensation for non-employee directors of the company. Non-employee directors receive an annual cash retainer, with higher amounts for the board chair and committee chairs. Additional cash compensation is provided for serving on or chairing the audit, compensation, and other board committees. Directors also receive equity compensation in the form of restricted stock units or stock options, both as an initial grant and annually. The policy specifies the amounts for each role and type of compensation.
EX-10.3 3 ex10x3.htm NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
Exhibit 10.3
Non-Employee Director Compensation Policy
| Cash Compensation: | |
| Non-Employee Director Annual Retainer (other than chair): | $25,000 |
| Board Chair: | $75,000 |
| Audit Committee member: | $7,000 |
| Audit Committee Chair: | $15,000 |
| Compensation Committee member: | $6,000 |
| Compensation Committee Chair: | $12,000 |
| All other committee membership: | $3,500 |
| All other committee Chair: | $7,500 |
| Equity Compensation: | |
| Initial equity grant (RSUs or stock options) | 3,000 |
| Annual equity grant (RSUs or stock options) | 1,500 |
