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Independent Director Compensation Plan
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EX-10.1 2 ex10-1.htm
Exhibit 10.1
Independent Director Compensation
| Annual Retainer | $ | 30,000 | ||
| Audit Committee Chair | $ | 20,000 | ||
| Compensation Committee Chair | $ | 15,000 | ||
| Nominating & Governance Committee Chair | $ | 10,000 | ||
| Committee Members: | ||||
| Audit | $ | 7,500 | ||
| Compensation | $ | 5,000 | ||
| Nominating | $ | 3,500 | ||
| Initial Equity Signing | 250,000 options at market price with multi-year vesting | |||
| Annual Stock Options | At discretion of Compensation Committee |
* All cash fees are annual, paid quarterly, and commence upon the completion of the Company’s next financing subsequent to January 24, 2022.
