Plumtree Software, Inc. Independent Director Cash Compensation Plan (2005)
This agreement outlines the cash compensation plan for independent directors of Plumtree Software, Inc., effective April 1, 2005. It specifies annual retainers for board and committee roles, including chair and member positions, with fees paid quarterly. Directors are also reimbursed for reasonable travel and professional development expenses related to their duties.
EXHIBIT 10.24
Plumtree Software, Inc.
Independent Director Cash Compensation Plan
Annual Retainer Schedule
| Category | ||
Board Retainer Chairman Retainer Audit Committee Chairman Audit Committee Member Compensation Committee Chairman Compensation Committee Member Nominating Committee Chairman Nominating Committee Member | $30,000 25,000 25,000 10,000 15,000 10,000 10,000 7,500 |
All fees are paid quarterly in arrears. In addition, Plumtree reimburses directors for reasonable travel and other expenses incurred in attending meetings or participating in professional development and education activities. All changes to the 2005 Director’s Compensation Plan are effective April 1, 2005.
