Compensatory Arrangements with Directors

EX-10.4 5 dex104.htm COMPENSATORY ARRANGEMENTS WITH DIRECTORS Compensatory Arrangements with Directors

Exhibit 10.4

Compensatory Arrangements with Directors

The amount of the annual cash retainer, committee chair cash retainers and restricted stock grants for our non-employee directors for the current year are set forth in the table below. Each non-employee director is also paid $2,000 for each meeting of the Board of Directors or any committee thereof of which he is a member that he attends. Directors who are employees of PTC are not compensated for their service as a director.

 

Name

   

Chair Position

    Annual Retainer    Committee
Chair  Retainer		    Annual Equity
Grant(1)

Donald Grierson

   

Lead Independent Director

 

Nominating & Corporate Governance Committee

    $ 75,000      —      12,912 shares

Robert Schechter

    Audit Committee    $ 35,000    $ 10,000    11,813 shares

Robert Goldman

    Compensation Committee    $ 35,000    $ 10,000    11,813 shares

Michael Porter

    Corporate Development Committee    $ 35,000    $ 5,000    10,714 shares

Paul Lacy

       $ 35,000       10,714 shares

 

(1) The restrictions on the shares will lapse on the earlier of the date of the 2011 Annual Meeting of Stockholder and March 15, 2011, provided the person remains a director on that date and pursuant to our 2000 Equity Incentive Plan.