Cash Compensation Policy for Non-Employee Directors of POWI
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Summary
This document outlines the cash compensation structure for non-employee directors of POWI. Directors receive an annual retainer of $45,000, with additional annual retainers for serving as Chairman of the Board or as members or chairmen of the Audit, Compensation, or Nominating and Governance Committees. Fees are paid quarterly, and there are no per-meeting fees. The policy specifies the exact amounts for each role and committee position.
EX-10.12 4 powiex101212-31x2019.htm EXHIBIT 10.12 Exhibit
Exhibit 10.12
Cash Compensation of Outside Directors
Cash Compensation of Non-Employee Directors is as follows:
Annual Retainer: $45,000
Additional Annual Retainer for Chairman of the Board: $30,000
Additional Annual Retainer for Audit Committee members:
Chairman: | $20,000 | |
Other members: | $10,000 | |
Additional Annual Retainer for Compensation Committee members:
Chairman: | $15,000 | |
Other members: | $8,000 | |
Additional Annual Retainer for Nominating and Governance Committee members:
Chairman: | $10,000 | |
Other members: | $5,000 | |
Fees are paid quarterly in arrears. There are no per meeting fees.
