Ormat Technologies, Inc. Director Compensation Schedule
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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 additional compensation for serving as Audit Committee Chair. Directors are also reimbursed for travel and lodging expenses related to board meetings. Additionally, directors receive stock option grants upon joining and annually thereafter, with specific terms for exercise price and vesting.
EX-10.1 2 file2.htm COMPENSATION SCHEDULE 
Ormat Technologies, Inc.
Director’s Compensation

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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 | ![]() | ![]() | 7,500 |
- Annually from second year | ![]() | ![]() | |
Options are exercisable 12 months from date of grant. The exercise price will be the closing market price on the date of grant, unless Financial statements are released on such date, in which case the exercise price will be the closing price on the day following the date of the release. | ![]() | ![]() | 7,500 |
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