PhaseForward Incorporated Summaryof Cash Compensation Practices for Non-Employee Directors (Effective January 1, 2006)
Exhibit 10.19
Phase Forward Incorporated
Summary of Cash Compensation Practices for Non-Employee Directors
(Effective January 1, 2006)
Annual retainer for Board membership: $18,000
Audit and Finance Committee
Annual retainer for committee membership: $12,000
Additional retainer for committee chair: $6,000
Management Development and Compensation Committee
Annual retainer for committee membership: $7,000
Additional retainer for committee chair: $3,000
Governance, Nominating and Compliance Committee
Annual retainer for committee membership: $7,000
Additional retainer for committee chair: $4,000
Annual retainer fees will be paid quarterly in arrears. All directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of the Board of Directors.
