Summary of Polycom, Inc. Non-Employee Director Compensation
This document outlines the compensation program for non-employee directors of Polycom, Inc. Non-employee directors receive an annual cash retainer and additional fees for serving as committee chairs or members, paid quarterly. They are also granted stock options upon joining the Board and annually thereafter, with specified vesting schedules. Polycom also reimburses directors for travel and related expenses incurred while attending Board meetings or participating in Board activities.
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.
