Summary of Directors Ongoing Compensation

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EX-10.4 5 f10q1223ex10-4_pluriinc.htm SUMMARY OF DIRECTORS' ONGOING COMPENSATION

Exhibit 10.4

 

Summary of Directors Ongoing Compensation

 

Effective as January 23, 2024, our non-executive officer directors receive cash compensation as follows:

 

  ● Annual compensation of $35,000;

 

  ● The Chairman of our Audit Committee shall receive an additional annual fee of $10,000 and in the event of an annual equity grant issued to directors, or an Annual Director Grant, an additional 10% of equity securities in addition to such grant, and each other member of the Audit Committee shall receive an additional annual fee of $3,000 and, in the event of an Annual Director Grant, an additional 3% of equity securities in addition to such grant;

 

  ● The Chairman of our Compensation Committee shall receive an additional annual fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Compensation Committee shall receive an additional annual fee of $2,000 and, in the event of an Annual Director Grant, an additional 2% of equity securities in addition to such grant; and

 

  ● The Chairman of our Nominating Committee shall receive an additional annual fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Nominating Committee shall receive an additional annual fee of $2,000 and, in the event of an Annual Director Grant, an additional 2% of equity securities in addition to such grant.

 

●The Chairman of our Investment Committee shall receive an additional fee of $4,000 and, in the event of an Annual Director Grant, an additional 4% of equity securities in addition to such grant, and each other member of the Investment Committee shall receive an additional annual fee of $2,000 and an additional 2% of equity securities in addition to such grant.

 

●In the event of an Annual Director Grant, the Chairman of our Board of Directors shall receive an additional 26% of equity securities in addition to such grant.

 

In exceptional circumstances, our non-executive directors may receive additional payments of up to $75,000 per year for extraordinary performance, as well as discretionary amounts in special circumstances as the Board of Directors or the Compensation Committee may decide.