OrmatTechnologies, Inc. Director’sCompensation
EX-10.1 2 file2.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 | 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 | ||