Summary of Polycom, Inc. Non-Employee Director Compensation
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EX-10.1 2 dex101.htm SUMMARY OF POLYCOM, INC. NON-EMPLOYEE DIRECTOR COMPENSATION Summary of Polycom, Inc. Non-Employee Director Compensation
Exhibit 10.1
Summary of Polycom, Inc. Non-Employee Director Compensation
Cash Compensation
| Annual retainer: | $ | 45,000 | |
| Annual committee fees: | |||
| Lead Independent Director | $ | 20,000 | |
| Audit Committee Chair | $ | 20,000 | |
| Audit Committee Members (other than Committee Chair) | $ | 10,000 | |
| Compensation Committee Chair | $ | 10,000 | |
| Corporate Governance and Nominating Committee Chair | $ | 10,000 | |
| Committee Members (other than as Chair) | $ | 5,000 | |
Retainers and fees are paid in four equal quarterly installments.
Equity Compensation
| • | One-time grant of options to purchase 60,000 shares of common stock upon a non-employee director joining the Board, which vest in four equal annual installments commencing one year following the date of grant. |
| • | Annual grant of options to purchase 25,000 shares of common stock, which vest monthly over twelve months. |
Other Compensation
Polycom pays or reimburses directors for their travel, lodging and related expenses in connection with attending Board meetings and for participating in Board-related activities.
