Pixelworks, Inc. 2005Board Compensation Arrangements
EXHIBIT 10.3
Pixelworks, Inc.
2005 Board Compensation Arrangements
|
|
| Quarterly Fee |
| |
| Annual Board Retainer Fee |
| $ | 5,000 |
|
| Additional Fee paid to Lead Director or Non-Management Chairman |
| $ | 2,500 |
|
| Additional Fee paid to Chair of Audit Committee |
| $ | 3,500 |
|
| Additional Fees paid to Chairs of Compensation; Governance and Nominating Committees |
| $ | 1,000 |
|
| Additional Fees paid to members of Audit Committee |
| $ | 1,000 |
|
| Additional Fees paid to members of Compensation; Governance and Nominating Committees |
| $ | 500 |
|
Directors will also receive annual compensation in the form of equity issued under the Company’s shareholder-approved 1997 Stock Incentive Plan. A Director will earn an option to purchase 40,000 shares of the Company’s Common Stock upon initial election to the Board of Directors and an option to purchase 10,000 shares of the Company’s Common Stock annually thereafter. No additional options will be earned for service on any committee of the Board of Directors.
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