Summary of Ongoing Compensation for Non-Executive Directors of Pluristem as of June 30, 2019
This agreement outlines the ongoing compensation for non-executive directors of Pluristem as of June 30, 2019. Non-executive directors receive an annual payment of $15,000, a fee of $935 for each in-person meeting attended, and $435 for each meeting attended by telephone. If paid in New Israeli Shekels, the exchange rate used will not be less than $4.25 per NIS. Additionally, directors are entitled to 2.5% of amounts received by the company from non-diluting funding and strategic deals, as determined by the Board or Compensation Committee.
Exhibit 10.8
Summary of Directors Ongoing Compensation
As of June 30, 2019 our non-executive officer directors receive cash compensation as follows:
| ● | Annual compensation of $15,000; |
| ● | Meeting participation fee of $935 per in-person meeting; and |
| ● | For meeting participation by telephone, $435 per meeting. |
If the compensation is paid in New Israeli Shekels (“NIS”), the exchange rate of the directors’ fees used to calculate the fees will be not less then $4.25 per NIS.
The directors are also entitled to two and a half percent (2.5%) from amounts received by us from non diluting funding and strategic deals, as determined by the Board of Directors and/or the Compensation Committee.
