Ormat Technologies, Inc. Director Compensation Schedule

Summary

This document outlines the compensation structure for directors of Ormat Technologies, Inc. Directors receive an annual retainer of $25,000, fees for attending board and committee meetings (with different rates for in-person and telephonic participation), and an additional fee for the Audit Committee Chair. Directors are also reimbursed for travel and lodging expenses related to board meetings. Additionally, directors receive stock option grants: an initial grant of 7,500 options and annual grants of 5,000 options starting from the second year.

EX-10.1 2 file002.htm COMPENSATION SCHEDULE

  ORMAT TECHNOLOGIES, INC. DIRECTOR'S COMPENSATION FEES IN U.S. DOLLARS - ------------------------------------------------------------------------------ Director Retainer $25,000 - ------------------------------------------------------------------------------ Board meeting fee - - In person $2,500 - - Joining by telephone to an "in person" meeting $1,000 - - Telephonic $500 - ------------------------------------------------------------------------------ Committee meeting fee - - In person $1,500 - - Telephonic $500 - ------------------------------------------------------------------------------ Committee Chair Audit Committee $7,500 - ------------------------------------------------------------------------------ EXPENSE REIMBURSEMENT Reimbursement of travel and lodging expenses for Board Meetings - ------------------------------------------------------------------------------ OPTIONS GRANTS - Initial Grant (market price at date of grant; exercisable 12 months from date of grant) 7,500 - Annually from second year (at market price on day of grant) 5,000